Out of AI and Into Industrials. How to Play the Market’s Great Rotation 6/7/23
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 7 June 2023
⏱️ 44 minutes
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| 0:00.0 | Right now, on fast, losing steam is the mojo from the AI boom starting to fade, and |
| 0:06.1 | if so, we're investors moving their tech gains will break down the market rotation and |
| 0:10.1 | ask that today's move is more than a one-hit wonder, plus New York under cover. |
| 0:14.4 | A wildfire induced haze, blanketing the big apple and much of the eastern United States |
| 0:18.5 | smoke from hundreds of Canadian wildfires, disrupting air travel, business, and air quality. |
| 0:23.5 | We've got a live report coming up, and later Tesla's electrified winning streak, Wall Street's |
| 0:28.1 | growing love affair with Netflix and the streamers and a big rebound for a couple of real |
| 0:32.0 | state titans. |
| 0:33.0 | I'm Melissa Lee, this is Fast Wanted, we're live at the Nasak Market, on the desk tonight. |
| 0:36.5 | Tim Seymour, Karen Fireman, Steve Grasso, and Guy Adami. |
| 0:39.7 | We start off with this. |
| 0:41.7 | This is the sound of the air coming out of the AI below. |
| 0:49.7 | Oh, good job. |
| 0:50.7 | Investors, lean socks. |
| 0:51.7 | Thanks. |
| 0:52.7 | To the space today, everything from upstart in C-3 ai to giants like Alphabet, Microsoft, |
| 0:57.6 | and video scene shares drop, where's the money going? |
| 0:59.7 | Well, today at least, energy, banks, utilities, |
| 1:02.7 | industrials, those sectors outperforming |
| 1:05.1 | the broader market today, energy the best performing group |
| 1:08.1 | in June, industrials now at their highest level |
| 1:10.5 | in three months. |
... |
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