I'm a huge fan. I'm Melissa Lee and this is fast money tonight's Trader Line of Guy

Tommy Tim Seymour, Steve Grasso and Technology permitting Brian Kelly. Tonight on fast,

a new record for the Dow a year since hitting pre-pandemic highs. The benchmark index seems

unstoppable, but could there be a threat lurking in the wings while you might want to be wary

of the dreaded eye word? And later, five time NBA All-Star Chris Weber has a new project

that could light up one red hot industry. We'll tell you what it is. Plus, we've got a bonus

hour coming your way at 6 p.m. Eastern time. Tonight, all this week tune in for a fast

money special report on the new American investor from Reddit to SPACs and everything in between

will dive into all the trends that are front and center for a new crop of retail traders.

But we start off tonight with the Reflation Trade, the 10-year yield hitting a one-year high.

1.3% does that mean the economy is staging a healthy recovery? Or that inflation is making a

comeback sooner? Then we all thought, what could that mean for the markets? Guy, why don't you

open it for us tonight? First of all, I mean, where's Bitcoin? It's like 50,000.

BK's having technology. Problems, he should have better technology than Bill Gates at this point.

I mean, he gets no pass from me. I offer him no quarter. Number one, number two, it means that

the market is clearly anticipating this economy opening up in a major way in a second half

for the year. And that's a great thing for the economy. It might not be such a great thing for

the stock market. And although the market seemingly likes rates rising right now,

we're going to get a point in that curve where it no longer does. And my sense is it's about

that one and a half percent. And listen, you've talked about a 10-year yield that went from 53

basis points in August to north of one and a quarter now. And it's seemingly short period of time.

That's a tremendous move. And I just think it's getting started. Banks are going to like it.

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