Live from the Nasak Market State overlooking New York City's Times Square.

This is Fast Money. I'm Melissa Lear.

Traders on the desk are Tim Seymour, Carter Wirth, Steve Grosso and Gaiadami.

Tonight on Fast, Nike breaking out to new all-time highs, but is this record run about

to hit the wall? We'll debate it. Plus, we'll tell you what Sun shares of Tesla into

overdrive today, and later big changes of Boeing Boeing the company's CEO stripped of his

chairman title but you'll hear from one industry insider who says too little too

light we begin though with a moment of truth for the markets we are just

hours away from earning season kicking off in a big way with

results from City, Goldman, J.P. Morgan Chase, and Wells Fargo all out before tomorrow's

opening bell. So will the banks be the bellwether for the markets as we head into the rest of

earnings season guy down. I don't know if they're the bellwether Mel and I'm a little

tired as you know because late night for our Yankee fans. Oh yeah it was late

night. I'm a New York fan, go Yankees, but let's talk

markets.

We do what we need to do in Houston as you know, Mel. But it comes to me, it's not the bell

weather, but are they trading opportunities? and I still think there are I mean

Citibank to me was an interesting play a couple weeks ago it proved to be correct

but tangible book in cities are coming around 69 bucks I think what you'll see is a bounce after earnings on the back of that it

trades anywhere from 85% of tangible book to 1.2 I think that's what's going to happen

now but in terms of a bellwether for the broader market I don't believe it to be the case

I think it's about positioning we've all talked about that and I think positioning has

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