Fast money starts right now.

Live from the NASDAQ market site overlooking New York City's Times Square.

I'm Melissa Lee.

Your traders on the desk are Peinegerian.

Karen Feinerman, Tim C. Warren, Guyadami.

Tonight on Fast, the man who moves markets,

J.P. Morgan's Marco Kalanovic,

is back with a huge call on stocks you will not want to miss.

Plus, Chip's gone wild, the semi-et F, hitting a 52-week high

as the semi-stocks soar this year. We will tell you which

have more room to run, but we start off with the rally heard round the world, literally.

Emerging markets hitting the highest level since August today, adding to the global rally we've seen this

year China the US Germany Brazil Japan all off double digits as hopes of a trade deal

loom does this rally have legs what should you be buying is there an emerging market

specialist in the house I'm in a different seat tonight and therefore I

get this assignment I think look if you if you think about the data that we had

last night China it's reason to be excited.

It's not reason to do cartwheels.

You had services data, which is the best in 14 months, but the bottom line is that the

PBOC in the short run is actually throwing de leveraging out the window and they're throwing as much

credit at the problem as possible. What it means also for the rest of the

regional markets and certainly the regional economy is very good but obviously as

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