Does Drop in Rates Give the Green Light for Stocks? And Grayscale Takes a Big Step Forward in its ETF Journey 8/29/23

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 29 August 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Treasury yields fell to near three-week lows, with the 10-year shedding nearly 25 basis points in the past week. Will falling rates give stocks the go-ahead to rally in the back half of the year? Plus a judge siding with Grayscale in its fight to convert to a bitcoin ETF. What it all means for the crypto space. Fast Money Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0	right now and fast. What a
0:02.0	difference a week makes 10
0:04.0	year yields were hitting 5
0:05.0	15 plus to your highs just
0:07.0	last Tuesday. They fall in
0:08.0	25 basis points since then.
0:09.0	So rates hit their peak and
0:11.0	is that the green light
0:12.0	stocks needed to get back
0:13.0	into rally mode. Plus crypto
0:15.0	rising the gray scale Bitcoin
0:16.0	trust notching a big win.
0:17.0	And it's fight to become an
0:18.0	ETF today. The news that
0:20.0	sent the entire crypto
0:21.0	space rallying and where we
0:23.0	go from here. And later to
0:24.0	left for dead stocks getting
0:25.0	a boost from one top wall
0:27.0	street firm. Why analysts say
0:28.0	these names may be sending
0:29.0	investors a strong signal.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.