Market’s Wild Week Ends in New Records

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 23 July 2021

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

Remember Monday? When the Dow dropped as much as 900 points and the S&P shed 1.6%? Well the markets don’t seem to – the S&P finished the week at new records, up 4.2% from its Monday lows as we get ready for a big week of tech earnings. The traders lay out their playbooks for the week ahead. Plus Starbucks hitting new highs today, but could a surge in coffee prices create headwinds for the coffee stock?

Transcript

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0:00.0	Welcome to Fast Money, everybody.
0:03.3	Tonight, one of the biggest weeks for earnings kicks off, and they could drive this juggernaut
0:08.7	stock market even higher.
0:10.3	So should you trade it or should you play it?
0:13.3	Fade it.
0:14.3	We're going to play it.
0:15.3	Plus Starbucks, on a venti-sized run, on another new high today, but with coffee prices
0:20.6	surging, is it time now to trade down?
0:24.4	And ready for takeoff?
0:25.9	Maybe not so fast.
0:27.3	The new survey shows business travel may not be coming back as fast as we thought,
0:32.2	that you may want what it means for one major sector of stocks ahead.
0:37.6	Hello, everybody.
0:38.6	I am Brian Sullivan in for Melissa Lee tonight, most known for combining the words play and
0:42.4	trade into some new word I just made up of the intro.
0:45.8	Your trader line up, by the way, they're lean and mean.
0:48.6	They're ready to go.
0:49.9	Steve Grasso, Pete Najarian, and Michael Grasso now of Grasso Global, congrats on that
0:55.5	Steve.
0:56.5	All right, we start a record finish to one wild week.
1:00.4	Do you remember Monday's market meltdown?
1:04.2	The S&P dropping more than a percent and a half.
	...

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