Life in the NASAC market site in the heart of New York City's Times Square.

This is fast money.

Here's what's on tap tonight.

Solid gains that close out a solid week.

Equity indices are up, but risk trades are down.

What the action says about where the market is heading next in a rare earth route after months of massive gains.

We'll talk to the executive chair, one of U.S. producers, from a U.S. producer, about where things stand with China and how trade tensions are impacting his company. Plus, regional banks try to rebound after yesterday's plunge. Crude oil hits new five-month lows, and we're counting down to earnings from Netflix and Tesla next week. What to expect from the reports and how options traders are positioning right now. I'm Melissa Lee coming to you live from studio, be at the NASDAQ on the desk tonight, Tim Seymour, Karen Feinman, Bono and Eisen, and Carter Braxton Worth. We start off with a festive Friday on Wall Street. Sox closing out the week near their highs of the session, locking in some solid games since Monday. The Dow and S&P jumping more than

one and a half percent. The NASAC and Russell 2000 up more than 2 percent. The strength coming

even as investors run into the safety trades goal down today but up more than 6 percent this week.

And bond prices rising to yields on the 10-year yield bond yields on the 10-year down 20 basis

points since the start of the week. Meanwhile, investors continue to cash out of crypto, Bitcoin hitting its lowest level since June, with other tokens lower as well. So, well, today's risk-off action continuing to next week, and what could it mean for the broader market? I don't know, Tim, how you decipher this. There's an appetite for risk on one hand, but there's not an appetite for risk when you take a look at the other trades. Well, it feels a little bit like the barbell trade that I think makes a lot of sense overall anyway. There's a place for some growth and maybe a decent part of aggressive growth, but then some value. And I look at health care and I look at a place where whatever health care proxy you're

looking to invest, whether it's one of the ETFs, or whether it's actually investing in a handful

of the core names that have been really looking to base for a couple of years, I think there's

an argument for both sides of the trade. Remember, where were we a week ago? What a difference a week

makes? I mean, we went last Friday into a weekend where even as we got into late on Sunday at some point where futures were also indicating another week, we were going to be looking at a combined kind of two-day down four or five percent move. And suddenly we've now had the best week since August after having the worst week since August. So I think the White

House has helped calm fears about a fresh. It's not fresh, is it? I guess it's China and where

are we? And the rhetoric was very conciliatory or very comfortable that we're going to be in a place.

The regional bank concerns, which I know we're just discussed,

I think are something that the market is focused on. But again, I think of this as a week when banks gave you full steam ahead in terms of a trade where I actually think the regional banks

are possibly more interesting than the Money Center banks at this point. So again, sprinkling a week

that it's all relative to where we started. We're also getting data in terms of cash on the sidelines coming into this market. We talked about that. There's a lot of money on the sidelines. As rates come down, more cash comes into the market, or at least that was the trade this week. It's interesting to see where the gains were made in the markets this week. I mean, semiconductors were up almost 6% on the week. At the same time, the equal weight S&P 500, notching almost similar gains, neck to net gains with the S&P 500 market cap weight. So it's sort of an interesting, it's a weird trade going on, I think. There's a whole lot of weird going on. I mean, I don't know what the differential was between very early this morning where the futures were and where we ended up.

A lot's happened, and yet I don't know that anything has really happened, but it feels like it.

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