right now and fast the unstoppable builder boom housing stocks hitting one

high after another but is a rally justified or has it as one of our trader calls

it gotten stupid we're checking the foundation of this trade plus a meta

melt-up shares jumping more than 3% as Wall Street crowns a new biggest

bull on the stock that is more than triple from his November lows but how

much work side is there we debate that and later a groovy opportunity psychedelic

therapies all the rage among entrepreneurs as they seek out their next big

breakthrough in the trend is kept in the eye of some big investors so will

this be the next cannabis craze I'm Melissa Lee this is fast money we're live

at the Nasak Market site on the desk tonight Tim Seymour Guaidami Dan

Nathan and Chris Farone of Stratigus a bear company we start off with that

rapid and seemingly unrelentless rise in home builders Lenar Palti Group and

VRDR Horton all hitting record highs once again today and the group has been

on a tear all year just take a look at some of the gains in the major players in

2023 far outpacing the S&P and even the tech heavy Nasak the strength comes

even amid all the economic uncertainty mortgage rates remain your record highs

and that has helped drive down home prices the S&P K Schiller index

posting its first year over your drop in 11 years and new home sales in May

rose 20% from a year ago so does a current environment support this run

then we've seen in the builders or is this trade on shaky ground guy you're the

one who call the street stupid stupid yes this morning on the call I said

with the move we're seeing in Palti homes and some of these names now it's

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