Market Rally Picks Up Steam, But Should You Believe the Bounce?
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 7 December 2021
⏱️ 44 minutes
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| 0:00.0 | Live from the Nasdaq market site overlooking New York City's Times Square, this is Fast |
| 0:05.7 | Money. |
| 0:06.7 | I'm Courtney Reagan in this evening for Melissa Lee. |
| 0:08.4 | Tonight's straighter line up, Guy Adami, Tim Seymour, Karen Fireman, and Nadine Termin. |
| 0:12.9 | Tonight on Fast, the bulls are back in a big way, market soaring for a second straight |
| 0:17.6 | day with the S&P posting its biggest game since March. |
| 0:21.0 | But should you take stock in this rally? |
| 0:23.3 | We'll be joined by Morgan Stanley's Mike Wilson for his thoughts on why you should be |
| 0:27.2 | bracing for more volatility ahead, plus a semi-served chip stocks soaring to record |
| 0:33.2 | clothes today, every single name in the SMH up more than 2%, but is it too late to |
| 0:38.8 | get in on that trade? |
| 0:39.8 | We're going to get you some answers to that question, and believe it or not, it wasn't |
| 0:43.6 | all green arrows in the market, big cap farm as stocks like Merck, AstraZeneca, and Lilly |
| 0:48.4 | sitting on the sidelines during today's rally. |
| 0:51.1 | What the traders are saying about the action in those names now, but we start with a massive |
| 0:56.5 | rally on Wall Street, the Nasdaq ripping higher by 3%. |
| 1:00.0 | No surprise, it was the biggest of the big tech stocks leading the way. |
| 1:03.8 | Apple, Microsoft, Alphabet, Amazon, and the company formerly known as Facebook, adding |
| 1:08.6 | a combined $280 billion in market cap just today. |
| 1:12.4 | That's bigger than one whole sales force, but it wasn't just big tech every sector in |
| 1:18.1 | the SMH up today, and the small cap for also 2,000 rose more than 2% too. |
| 1:23.0 | So, after 2 days of big gains, can we believe that the worst is behind us? |
... |
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