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CNBC's "Fast Money"

Are Markets Complacent on COVID?

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 22 March 2021

⏱️ 44 minutes

🧾️ Download transcript

Summary

U.S. stock indexes rocketing higher to start the week even as more than half the states are reporting an increase in COVID cases and NJ puts a pause on its reopening. So are investors ignoring the risks that still exist? Morgan Stanley’s Mike Wilson seems to think so. He breaks down what he’s seeing now. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

I'm Melissa Lee, and this is Fast Money.

0:03.2

Tonight's Trader lineup, Guy Dami, Tim Seymour, Brian Kelly, and James McDonald.

0:06.6

Tonight on Fast, back from the brink, tomorrow marking one year since the COVID bottom.

0:11.2

We'll take a look at what turn out to be some of the greatest buying opportunities, and

0:14.8

find out if they're still buys right now.

0:16.9

Plus, chips and dips, the semi-surging today, but the sector is still down over the past

0:20.8

month.

0:21.8

Should you scoop some beaten down names up, and later we are gearing up for game stop.

0:25.8

The company reporting results tomorrow after the bell, and options traders are making

0:29.6

big bets ahead of the print.

0:31.0

We will break down the action.

0:33.6

But we start with a party on Wall Street, socks pushing higher to kick off the week with

0:37.0

all three major averages finishing in the green, the Nasak, the big winner gaining one and

0:41.2

a quarter percent, but could this party be coming to an end?

0:49.5

This is spring break in South Florida.

0:52.1

People packing the streets, things getting so out of hand, Miami Beach declaring a state

0:56.3

of emergency-enforcing curfews and restrictions to limit the partying and crowds.

1:01.2

All this, as COVID cases, are back on the rise in more than half of the country, 27 states

1:06.0

reporting a jump in new case counts.

1:08.0

New Jersey pausing any further re-opening, and over in Europe, Germany and England extending

1:12.5

their lockdowns of Poland, parts of France, other European countries are introducing new

1:16.6

measures to curb the outbreak.

...

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