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CNBC's "Fast Money"

Mini Correction or Fundamental Rethinking?… And Bitcoin Bounces Back After Plunge 2/6/26

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 6 February 2026

⏱️ 43 minutes

🧾️ Download transcript

Summary

Stocks staging a massive rebound after yesterday’s sell-off, with tech, software, and crypto all bouncing back. But is the rally just a mini correction, or a broader shift in the market fundamentals? Plus The next move in Bitcoin after it’s snapback, the latest prediction market plays ahead of Sunday’s big game, and why retail investors are staying upbeat despite the recent weakness. Fast Money Disclaimer

Transcript

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0:00.0

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

0:05.6

Here's what's on top tonight. Believe the bouts U.S. market surging after a rough week, but is this really a sign the selloff is over, or is there more pain to come?

0:13.3

We'll debate that. Plus staples close at new highs. Salanta stock hits the skids. Bitcoin mounts a comeback after nearly dropping below a key level, and we're counting down to kickoff. How the prediction markets are gearing up for a historic amount of betting on Sunday's big game. Who could be the winners and losers off the field? I'm Melissa Lee. Come to you, Lockhart, Studio, be at the NASDAQ on the best tonight. Bono and Eisen, Crosso, city head of equity training strategy, Stuart Kaiser and Tim Seymour.

0:38.8

He's on a train somewhere. He'll be here shortly, remotely. We will start with a major market

0:43.9

rebound to close out the week. Stocks from rallying after yesterday's sell-off with the Dow's

0:47.6

serving more than 1,200 points and closing above the 50,000 level for the first time ever.

0:53.1

The SNB 500 and NASDAQ both jumping 2%.

0:55.5

The small cap Russell leading the pack up 3.5%. Some of yesterday's hardest hit areas coming

1:00.8

back with a vengeance today. Investors scooping up software and semi-stocks, Nvidia, Broadcom,

1:06.0

Oracle, and Palantir, notching big games. Crypto also getting a reprieve, Bitcoin's shooting

1:10.1

back towards

1:10.9

70K after nearly dropping below $60,000 overnight its lowest level since October 24.

1:17.3

Strategy, Robin Hood, Coinbase, all up double digits. But are these big moves, they begged

1:22.9

the question here. Where do we stand right now after all the S&P was down for the week still? The tech-heavy

1:28.5

NASDAQ was down 2%. Software stocks losing nearly 9% since Monday. So was this a mini-correction?

1:35.2

Was this a fundamental rethinking of market leadership? I don't know. Stuart, what do you think?

1:40.9

I think there's something we've sort of been in the process of for the last three months or so, kind of rotating out of growth into cyclicals and value, you know, maybe fading some of the Mag7 leadership. I think what changed, frankly, is instead of that being a nice, steady trend, it accelerated the volatility hit people, and I think it definitely caught folks by surprise. The reaction to Meta-Google and Microsoft earnings, I think, also, you know, was attention-grabbing, you know, just because of the absolute size of the cap-expend. I think what maybe happened a little bit later in the week was people said, wait a second, I don't like them spending $200 billion. I sure like the stocks that they're spending $200 billion on, though. And I think we kind of saw that play out as the week went on a bit.

2:18.9

Yeah.

2:19.4

Yeah, I mean, when you look at the patterns, you always try to, as a trader, you like to see

2:23.8

where the pattern is and where it's going.

2:26.0

So we went from AI to memory, to questioning valuation, to replacement in software.

2:33.7

And then when you look at the replacement in

...

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