Fast Money 03/26/21
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 26 March 2021
⏱️ 22 minutes
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| 0:00.0 | I am Brian Sullivan in for Melissa Lee, and this is Fast Money Tonight's Trader lineup. |
| 0:05.1 | Mr. Steve Grasso, Brian Kelly Jeff Mills, and Bonnell and Isaac. |
| 0:08.9 | Tonight on Fast, the China Tech Rec, China-based internet stocks falling hard this week, |
| 0:13.9 | so if you own these names, what do you do? Sell out or load up? We'll get some answers. |
| 0:19.6 | Stuck in the Suez, another attempt to clear that block ship failing. The economic impact |
| 0:25.0 | building up faster than the traffic jam of cargo itself. The stocks. You need to watch |
| 0:29.5 | in all of this some pop big time today. And then your chart of the week, this name, |
| 0:35.6 | knock, losing nearly half its value just since Monday, but guess what? |
| 0:39.9 | I just got one of our traders hitting the buy button, seeing value in that name. Can you guess? |
| 0:45.7 | We'll bring it to you ahead. All of that over the next 28 or so minutes that we've got together |
| 0:50.2 | before options actions kicked off. Don't worry, we're going to get to it all. |
| 0:54.1 | Let us begin macro. And as you heard, Seren Wolf just talk about that frenzied Friday finish. |
| 1:01.1 | Let's check out the tail of the tape. The S&P 500 sluggish, much of the day doing nothing. |
| 1:07.4 | Hey, take the day off. Nope. Because then later in the afternoon, buyers came in. |
| 1:13.9 | Stocks surging right around 3 p.m., all the major averages finishing at their highs of the day, |
| 1:20.4 | and with that gain, not huge, but again, the S&P 500, not nearly 6% this year, not including |
| 1:26.6 | dividends. So let us jump right in. Brian Kelly, BK, what does this kind of last hour market move |
| 1:35.6 | tell you as we head into a weekend? Could it be a big time Monday? |
| 1:42.4 | I mean, it may be what we saw throughout the days, and I know we're going to get to the Chinese |
| 1:46.7 | internet stocks in later on, but we did see what looked like some sort of liquidation. |
| 1:52.6 | What was curious, though, is we didn't see generally when you see something happen like that, |
| 1:57.1 | you'll see the long positions go down in the short positions go up, but we didn't see that. |
... |
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