Right now in FAS are housing stocks and home improvement names sending the markets a message

about where race and inflation are going ahead of earnings season and the Fed's next

meeting.

Plus, one Wall Street firm's blue outlook for Microsoft's cloud business is this a warning

sign for the rest of the sector about a spending slowdown ahead.

Then a new round of stock trading troubles in Washington, a look at the lawmakers who made

moves and bank stocks around the time of the Silicon Valley bank collapse.

And later, Bitcoin's new milestone to look at what's behind the crypto's climb back

above 30k.

I'm Melissa Lee.

This is Fast Money.

We're live at the Nasdaq Market site on the desk tonight.

Steve Grasso, Karen Feinerman, Guy Adami, and Tim Seymour.

But we start off with some signs of strength in one of the most interest rate sensitive areas

of the market.

The Philadelphia Housing Index jumping 2.5% today for its biggest gains in February.

Every component rising with the biggest gains coming from mortgage companies, Radian,

Penny Mac, as well as builders like D.R. Horton and L.G.I. Homes, housing adjacent names

also getting bumped today, Mohawk Industries and Whirlpool both soaring on the back of

two separate upgrades.

So as we await tomorrow's all-important CPI print is a market telling us that the Fed has

already done what it's going to do, Guy.

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