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CNBC's "Fast Money"

BATTLE BETWEEN FEAR & GREEN 3/13/23

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 13 March 2023

⏱️ 44 minutes

🧾️ Download transcript

Summary

BANK MELTDOWN WITH LOTS OF CARNAGE.. BUT NOW GOLDMAN SACHS SAYS THIS IS COULD TO CAUSE THE FED TO STAND PAT WITH NO RATE HIKE NEXT WEEK. HERE'S THE QUESTION -- DOES A FED ON HOLD OUTWEIGH FEARS OF A BANKING CRISIS? Fast Money Disclaimer

Transcript

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0:00.0

Right now in FAS the tail of two markets, regional banks crushed again following the

0:05.1

collapse of SBB and signature bank.

0:07.3

Well, big cap tech, Apple, Amazon, Alphabet move solidly higher is the street more

0:11.5

afraid of a bank crisis or cheered by a potential Fed Paws will debate that.

0:15.8

Plus, the crypto-combat, Y Investors seemingly flocked to Bitcoin as a safety trade as

0:21.2

the banks melted down this past week.

0:22.7

Well, chart BTC's next move.

0:24.5

And later, a dollar in a dream, it's a 37th anniversary of Microsoft Going Public will

0:29.4

show you the staggering return and ask our desk if now is the time to trade it or fate

0:33.4

it.

0:34.4

I'm Melissa Lee.

0:35.4

This is FAS Money Relive at the Nasdaq Market Sites full desk here in House tonight.

0:38.4

Tim Seymour, Karen Feynman.

0:39.4

Follow a nice and in Steve Brasso.

0:41.6

We start off with a real battle between fear and greed, the action of the regional banks

0:46.1

after the collapse of SBB and signature was downright scary today.

0:49.7

The KRE, the regional bank ETF, finishing the day down 12%, its 10th drop in 11 days.

0:55.3

This republic, the biggest loser closing the session down almost 62%, and one point

0:59.6

falling more than 70%.

1:02.0

A host of other regionals, PacWest, KeyCorp, Bank United, Giants, also getting hit hard

1:06.6

today.

1:07.6

And then there's the move in rates, the two year with its biggest three day move since

...

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