Live in the NASDAQ market site in the heart of New York City's Times Square, this is fast money.

Here's what's on tap tonight.

Trouble under the surface, stocks trading near records with the S&P pacing for its best months since February,

and we're not even halfway through November, but could there be risks lurking in this rally?

We dive into the latest signs of struggle for the markets.

And from semis to software, big rotation seems to be happening in the tech space

over the last week or so. What's behind the move and will it last? Plus, we're all over Cisco's

post earnings move. The chartmaster says sell the home builders while he's seeing weakness. And the

Premier League, lacrosse, is launching a new league for women. We'll talk to President Paul

Rable about that and the world of live sports.

I'm Melissa Lee. Come to you live from studio via the NASDAQ on the desk tonight. Carter,

we begin with some mixed messages coming out of the market.

Markets hovering near all-time highs after October inflation data showed consumer prices rising in line with expectations. The Dow and S&P managed to finish in positive territory while the

NASDAQ fell a quarter of a percent. All S&P sectors are still less than 10 percent from their 52-week

highs, with consumer discretionary and financials hitting records during the session.

This, even in the face of some not-so-good signals, the dollar index hitting its highest level

in more than a year as Trump's wind sparks expectations for potentially inflationary tariffs.

Rates taking higher, too, while the Fed has cut rates by 75 basis points since September.

The 10-year yield has risen by that amount in the same period.

Consumer debt also on the upswing, Americans now owe a record $1.17 trillion on their credit cards, according to a Q3 report by the New York Fed.

So is it possible markets have gotten too exuberant, Guy?

Well, through that lens, the answer is yes.

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