Live in the NASAC market site in the heart of New York City's Times Square. This is fast money. Here's what's on tap tonight.

Surging to records. Former President Trump, once again, President elect Trump. The election results said banks ripping to new highs, industrial, transports, travel, even tech joining today's monster rally. Can this last or will tariff and trade fears end the euphoria?

We'll debate that. Plus, the Musk trade all things in the Elon universe rocketing higher from

Tesla to crypto to the finance bro trade. Should everything in Elon's orbit be on your buy list?

And later, another super meltdown for super micro, why shares of Novo Nordisk have gone on a diet in the last two months.

And what's behind housing getting hammered ahead of the Fed decision?

I'm Melissa Lee.

I'm live from studio at the Nazak on the Destinite, Tim Seymour, Karen Feinerman, Dan Nathan, and Guy Adami. with what might be a bit of post-election euphoria stocks surging to new records after Donald Trump was re-elected president.

The Dow jumping more than 1,500 points.

Its biggest gain since April 2020, the NASDAQ and S&P also hitting all-time highs,

while the small-cap Russell 2000 gained 5.8 percent to pose its highest closed in nearly three years.

Take a look at some of the sectors, seeing the biggest gains, bank stocks rallying on hopes.

Looser regulation will spur IPOs and M&A. Energy up, too, as expectations for oil-friendly policies rise, and big tech also sharply hired, led by gains in Tesla and Invidia.

But it wasn't green across the board. Stocks that stand to take a hit from increased tariffs like Dollar Tree, Dollar Gen, both dropping sharply along with retail across the board.

Same with solar stocks and cannabis names. But can today's market momentum be sustained?

Well, the policies the market seems to be hoping for play out in reality. Guy, what do you think?

Fascinating, right? I mean, there are a couple, amongst a lot of things to watch. The two things I was watching most closely were the bond

market, which we'll talk about. And then to Russell, and you mentioned small caps. I mean,

that's been the final piece to this puzzle. Well, the small caps finally make a new all-time high.

And we got close. I think the prior high was November of 2021. Here we are within,

you know, a few dollars of that level. That's sort of, I think, the catalyst for everything

else. But to answer your question specifically, I mean, you had some pretty remarkable moves,

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