Life in the NASDAQ market state overlooking New York City's Times Square, this is fast money.

I'm Melissa Lear.

Traders on the desk are Tim Seymour, Brian Kelly, Steve Grasso, and Guy Dami, the clock,

it's ticking.

One top strategist says the countdown to recession is officially on.

He will lay out his timeline and when he sees the market top and out.

We also have a double dose of after-hours movers.

Both Box and Williams-S Sonoma moving lower after reporting

results will break down what's driving that action.

And later a royal rally, how King Dollar just got a big boost from the Queen, we will explain.

But we begin with today's move higher stock

surging with the Dow getting more than 250 points energy consumer

discretionary industrial's all leading the way this is a yield on the 30-year bond hit an all-time low. So do you

trust today's market rally? Guy Adami.

Hi Melms, no, I definitely don't trust it, but I'll say this, you know, as we get in the

later part of this week, into a holiday weekend,

there's the old saying, Steve Noses some of the floor, never short a dull market.

So you could see this market sort of following through over the next couple days into early next week.

But I'll say it again again I think this market will

culminate on the downside when the Vix trades up to 30 which I think is going

to happen but with that said they're trading opportunities here and I'm going to

do a power pitch in the back end of the show

...