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CNBC's "Fast Money"

Fast Money 06/12/20

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 12 June 2020

⏱️ 23 minutes

🧾️ Download transcript

Summary

Listen To Our Traders Take You Behind the Money...How To Play the Volatility...Pops and Drops: The Movers You Missed.

Transcript

Click on a timestamp to play from that location

0:00.0

And Fast Money does start right now. I am Courtney Reagan in tonight for Melissa Lee.

0:06.4

Tonight's Trader lineup Brian Kelly, Jeff Mills, Bonowin, Iceland, and Mike Coe.

0:12.0

Coming up on Fast, Beware of the bounce, why the Chartmaster says

0:15.5

investors need to be laser focused on this key level. Carterworth joins us

0:19.9

ahead. Plus airline stocks taking flight today, but one of our traders says buckle up.

0:25.3

There's more turbulence ahead.

0:26.9

We're going to bring you that trade.

0:28.6

And later, Tesla hitting skids following a pair of big downgrades.

0:32.2

We're going to dig into both of those calls.

0:35.0

Thanks for joining us here on Fast Money. Let's break out that dramatically though because

0:39.8

the market taking investors on a roller coaster ride today. So we started the day strong with stocks

0:45.5

heading higher. Then around midday we lost some steam and then we rallied into the close. All told,

0:51.7

the S&P 500 gaining more than 1% on the day. This though, of course, follows yesterday's

0:56.4

brutal sell-off. So was today a buy-the-dip moment? BK, is it weird that yesterday when we had this huge sell-off, I actually kind of felt better.

1:06.8

That made more sense to me than some of the action we saw today?

1:10.3

Well, yeah, that's kind of interesting. I think, you know, for market

1:15.3

watchers to watch the market go up to new highs while you have all this

1:19.9

economic uncertainty sometimes can be a bit confusing.

1:23.4

So what we've seen is twofold.

1:25.8

We've seen massive amounts of monetary and fiscal stimulus come into the market,

1:30.4

as well as we know there is a big retail bid to this market and so that's driven the

1:35.0

market higher now you've had this sell-off with a second wave potential second

...

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