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CNBC's "Fast Money"

Fast Money 07/14/20

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 14 July 2020

⏱️ 53 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

Fast Money starts right now. I'm Melissa Lee, tonight's trader lineup,

0:04.1

Guyadami, Carter, worth, Dan Nathan, and Bono, and Isen.

0:07.1

Tonight on Fast, we've got yet another round of Total Requests Fast Money sent us

0:11.1

your burning trading questions, and we will try and

0:13.3

answer them on air live. Plus we're fast tracking the data to get a look at where

0:17.8

the recovery may really be heading what this chart could be telling us about what

0:21.7

is in store and we're awaiting comments from

0:24.0

the president expected to speak at the Rose Garden shortly.

0:27.4

We will bring you his statements live.

0:29.6

But first let's talk about the market because we saw a rally into the clothes,

0:33.6

and we saw notable underperformance of large cap technology

0:38.1

and then also outperformance of value.

0:40.7

Guy, what did you make of the action today?

0:43.0

So you're sharp as a tack, Mel, and I know you remember everything.

0:46.8

So you may recall yesterday's show and every once or while something sort of sticks with you, like,

0:51.5

you know, onion or something like that.

0:53.5

Well yesterday Bonowin said something on the show that really resonated with me.

0:58.0

We were talking about the Vicks and he correctly said you know just because you have an elevated vix it's not by definition

1:05.5

a negative thing for the broader market and you know today illustrates the point he was

1:09.5

making exactly i'm shocked by today's performance because by all historical norms, the reversals we saw yesterday should have followed through today. You know, maybe that happens tomorrow. I don't know. But what I make of it is the resilience of this market continues to be

1:24.6

unprecedented in my opinion and you have a couple comments out of Brainerd and here we go off to

1:29.6

the races once again still label me a skeptic.

...

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