Markets Surge Despite Growing Recession Fears, and Today’s After-Hours Moves. 03/29/22

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.9 • 1.3K Ratings

🗓️ 29 March 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

The S&P is up more than 12% from its 2022 low, but with a growing chorus of market experts sounding the alarm on the economy, how do you trade the markets? Plus Lululemon, RH, Chewy and Micron among the big after-hours movers today. We dive in to all the earnings numbers. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	Life in the Nasdaq Marketside overlooking New York City's Times Square, this is Fast
0:05.9	Money.
0:06.9	I'm Melissa Lee.
0:07.9	Tonight's Trader Line Up, Dan Nathan, Karen Feinerman, Tim Seymour, and Guy Damia,
0:10.8	head on fast shares of Lulu and Micron popping after reporting earnings, while RH is taking
0:15.4	investors on a wild ride and Chewie is headed sharply lower.
0:18.7	We'll go inside the numbers straight ahead, plus a record-breaking day for Robinhood
0:23.2	shares jumping nearly 25% today, and now at more than 45% in the last 10 trading days.
0:29.7	When you trust this Fintech's major rebound, and later, a fast pitch from a new face to
0:33.7	fast money, it's a bet that the hybrid work model is here to stay in that this odd COVID
0:38.8	darling is not just a rental in your portfolio.
0:41.9	That's a hint.
0:42.9	We start off with the market rally that defies growing recession fears, and we aren't
0:45.9	just talking about today's games.
0:47.6	The S&P 500's surging more than 12% since the year's intraday low in February.
0:52.8	The index is now up four days in a row, closing above today, 4,600 for the first time since
0:57.8	January 14th.
0:58.8	Still, there's an ominous sign in the bond market.
1:02.0	The highly-watch spread between two and 10-year yields got within one basis point of going
1:07.4	negative.
1:08.8	And now, former Fed, New York Fed president, Bill Dudley, sounding the alarm ready and
1:12.6	not bad today.
	...

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