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CNBC's "Fast Money"

Another Round of Records Prompts the Question, “What Slowdown?” 1/22/24

CNBC's "Fast Money"

CNBC

News, Business, Investing

3.91.3K Ratings

🗓️ 22 January 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

The S&P and Dow both closing at records for the second day in the row, and a handful of consumer names from Marriot to Mastercard also hitting all-time highs during the session. So what’s become of this slowdown we were all expecting? Plus, Japan’s stock market is at 34-year highs. Is there more room to invest in the land of the rising sun? Fast Money Disclaimer

Transcript

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0:00.0

Live from the Nasak Market site in the heart of New York City's Times Square.

0:04.4

This is Fast Money. Here's what's on tap tonight.

0:07.0

Another round of records, the S&P and Dow hitting all-time highs for the second day in a row in some big

0:12.0

consumer names from Marriott to Mastercard,

0:14.4

notching their own records too.

0:15.8

So what happened to the slowdown?

0:17.8

We'll debate what we should make of this recent resilience.

0:20.6

Plus the sun rising on Japan, the E..F that tracks the country's top market is up

0:25.6

more than 9% already this year far out-pacing the S&P's performance but can the

0:29.7

run keep going? We'll dive into the charts to find out. And later United Takes

0:33.6

flight after its latest report. Netflix nears two-year highs ahead of its earnings and

0:37.4

why one of our traders says there's more to main season meets the eye. We're

0:41.2

digging into all those trades tonight. I'm Melissa Lee

0:43.8

comedy live from studio be at the Nazac on the desk tonight. Steve Grasso,

0:47.1

Karen Friderman, Bono and Eisen and Guyadami. We start off with the Dow

0:50.6

hitting another milestone closing above 38,000 for the first time

0:54.4

ever. It took 25 trading days for the Blue Chip Index to jump 1,000 points. The S&P 500

1:00.0

also closing in on record territory for the second session in a row and the

1:03.3

Nazak hitting its highest in over two years. The bullishness extending to

1:07.2

popular consumer stocks too. Uber, Chipotle, Costco, Marriott, and Visa hitting

1:12.2

records during today's trading. The name's standing out over the past year with massive gains.

1:17.0

So what kind of message is this run-in consumer name sending us about slowdown worries? And I'll go to the warrior-in-chief

...

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