Is There Really No Other Alternative? And Why Mexico Stocks Have Been Taking a Hit This Week 10/6/23

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 6 October 2023

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks closed near the highs of the day even as a hotter than expected jobs report put another rate hike back on the table. And where did investors flock to? Mega cap tech among the day’s biggest winners. So is there really no other alternative to the stocks that have led the gains already this year? Plus, top White House officials visiting Mexico today to discuss everything from the fentanyl crisis to border security. Why relations with our neighbors to the south are so in focus this week. Fast Money Disclaimer

Transcript

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0:00.0	Live from the Nasdaq Markets, I've done the heart of New York City's Times where this
0:04.8	is fast money.
0:05.8	Here's what's on tap tonight.
0:07.2	So good.
0:08.2	It's good.
0:09.2	Stocks closing near the highs of the day, even as a much hotter than expected jobs report
0:13.2	puts another Fed hike back in play.
0:15.2	The trader set out to try and make sense of this madness plus a glittering opportunity.
0:20.1	Gold price is catching a bid after hitting seven month lows.
0:23.0	So can this trade get back some of its lustre?
0:25.5	Oh man.
0:26.5	Mine the chart master for answers.
0:28.7	One later, yet another new version of America's favorite fast money game traded or faded.
0:34.1	Today, it is fresh or foul edition.
0:37.1	Are any of the bomb doubt staple stocks like Coke, Hershey, Heinz worth a bite?
0:41.3	Do they pass the smell test?
0:43.0	Are they pass their expiration date?
0:44.8	We could keep going.
0:45.8	Wow.
0:46.8	We only got an hour.
0:47.8	I'm Melissa Lee.
0:48.8	Come and do you lie from Studio B at the Nasdaq on the desk tonight.
	...

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