A Sour Start to 2021 for Markets, and Looking Ahead to the Georgia Run-offs

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 4 January 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Markets dropped in the first trading day of the new year, but finished well off their lows. We break down the trade with Canaccord Genuity’s Tony Dwyer. Plus could Georgia’s Senate run-off elections tomorrow unleash a blue wave on Congress? What it means for the markets and your money.

Transcript

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0:00.0	I'm Melissa Lee and this is Fast Money.
0:03.6	Happy New Year.
0:04.4	Tonight's trainer, guy Domi, Tim Seymour, Karen Feinerman,
0:07.0	and Bono and Ice, and tonight on Fast socks kicking off the new year
0:10.2	with a bit of a hangover and one market process if things get worse, you should
0:13.7	buy the dip.
0:14.7	He'll tell us why, straight ahead.
0:15.7	Plus Tesla investors living the Fast Lane as the stock zooms' all-time highs should
0:20.6	you ride this record run and later we're taking your tweets that's right
0:23.7	we're answering your questions live on the air it is a big market day after all so
0:27.2	tweet us at t. NBC Pass Money you might just hear from us but we kick off the
0:30.6	new year with a big sell-off stocks tumbling today with the S&P 500 dropping one and a half percent.
0:36.1	That is its worst start to the year since 2016.
0:39.2	The selling was widespread.
0:40.6	Risk on, risk off, work from home, reopening.
0:42.6	Everything was lower.
0:43.6	Tech industrial's real estate among the sector seeing the biggest losses.
0:46.9	Energy was the only sector that was able to eke out a gain and as stocks fell,
0:50.9	investors piled into safe havens like gold the metal jumping to
0:54.6	its highest level in two months so as we kick off the new year in the red should
0:58.6	investors brace for more pain ahead happy new New Year guy.
1:04.0	Happy New Year.
	...

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