4.3 • 1.2K Ratings
🗓️ 1 May 2020
⏱️ 23 minutes
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0:00.0 | Fast money starts right now. I'm Melissa Lee or traders tonight, Guy Dami, Tim |
0:05.4 | Seymour, Steve Grasso, and Brian Kelly coming up on Fast, the big battle over |
0:09.1 | the banks. The Chartmaster says it is time to sell but that's not what you heard on this very show just 24 hours ago |
0:15.3 | So who is getting it right will debate that plus a Tesla take down by the CEO himself |
0:20.4 | What Elon Musk tweeted today that said shares skidding and later |
0:23.9 | BK says Bitcoin's about to break out big time how he is positioning himself for |
0:28.2 | the crypto comeback but we start off with today's market sell off Wall Street |
0:32.0 | wiping out its gains for the week as |
0:33.8 | tech tumbles and tariff talks, tank stocks. |
0:37.7 | Say that 20 times fast. |
0:39.2 | The Russell 2000 handing in its worst day in a month, but this is the chart that had us all |
0:44.3 | scratching our collective heads. Bonds barely budged. So BK we go to you. What is |
0:49.8 | behind do you think this market conundrum? No, it's a little strange. |
0:54.0 | You would think with the Fed buying, and yeah, they reduce their buying a bit, but the Fed buying |
0:58.8 | the market down 600, not much inflation out there, you would think that bonds would be absolutely |
1:06.2 | flying and they're not. |
1:07.7 | So what do we know? |
1:08.7 | We know that Treasury bonds are owned by a lot of sovereign states. |
1:12.1 | You look at something like Saudi Arabia, you look at Japan, you look at China, perhaps they need capital. |
1:18.0 | A lot has to do with the oil decline. Perhaps it's investors getting a bit spooked that the U.S. has to raise an awful lot of debt and the only buyer out there is going to be the Federal Reserve. |
1:29.0 | But it's really strange. It was the one thing that stuck out to me today because I wanted to buy bonds. I thought |
1:35.0 | with German buns and the yields there at negative, then US bonds should probably be close to 0% |
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