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CNBC's "Fast Money"

How to trade Dow’s worst day of the year

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 19 July 2021

⏱️ 44 minutes

🧾️ Download transcript

Summary

Stocks sold off to start the week with every S&P sector in the red and investors’ search for safety sending 10-year yields to the lowest level since February. Is this an opportunity to buy in or should there be caution ahead. Plus the one area in the market that could hold the greatest potential.

Transcript

Click on a timestamp to play from that location

0:00.0

Tonight on fast, one of Wall Street's biggest bulls and a man who has been dead right

0:06.9

about the direction of the market says today's sell-off is a great setup for second half

0:12.4

rally.

0:13.4

Or fun strats, Tom Lee, is seeing the next big opportunity for your money.

0:17.1

Plus, we're trading the crude collapse, energy stocks, taking in today's sell-off, should

0:22.1

you buy this big pullback?

0:24.6

And later, the ultimate safety trade, one top technician lays out the best place to

0:28.6

hide.

0:29.6

If you think there's more selling ahead, welcome everyone.

0:32.3

We are live from the Nasdaq Market Sight in Times Square.

0:34.9

I'm Courtney Reagan in for Melissa Lee.

0:37.4

Tonight's Trader lineup, Guy Adami, Tim Seymour, Dan Nathan, and Jeff Mills.

0:43.1

And we're going to start off with that massive sell-off on Wall Street.

0:45.9

It makes the most sense because stocks plunging today, the S&P 500 dropping more than a percent

0:51.9

and a half.

0:52.9

The Dow posting its biggest loss of the year, every single S&P sector, finishing the

0:57.7

day in the red.

0:59.2

New fears over rising cases of the Delta variant, putting the reopening at risk.

1:05.0

Investors rushing to safety, sending the yield on the 10-year treasury to the lowest level

1:09.6

since February, below 1.2.

1:12.8

So let's break down today's brutal sell-off.

1:15.4

Guy Adami, what is your take on the day?

...

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