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CNBC's "Fast Money"

Out With the…New? How Stock Markets Are Turning the Old New Year’s Adage on Its Head

CNBC's "Fast Money"

CNBC

News, Business, Investing

3.91.3K Ratings

🗓️ 4 January 2022

⏱️ 44 minutes

🧾️ Download transcript

Summary

The start of the year is often an opportunity to turn over a new leaf, but today’s action on Wall Street was all about strength in the old economy stocks. Was this a matter of rising yields taking out high-fliers, or is there something more going on here? Plus Paul Sankey lays out a new pairs trade you won’t want to miss. 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

tonight on fast lightning strikes for its sores as the automaker ramps up

0:05.2

production of its all electric F-150 lightning pickup will breakdown how

0:09.0

our traders are playing the blowout move plus a big bike breakdown peloton

0:12.9

plunging nearly 4% today the stock now on the verge of erasing all of its

0:17.4

pandemic gains will tell you what had investors unhooking from this trade

0:20.8

and later a new stock for the new year one of our traders has taken the

0:24.0

mound with a fast fish why he or she thinks this retailer sets a sore we'll

0:28.5

bring you the name welcome the fast money I'm Melissa Lee tonight straighter

0:31.6

line up guide army Tim Seymour Karen Feinerman and Dan Nathan let's get

0:35.6

right to it as we welcome in a new year it is out with the new and in with the

0:39.8

old here's what we mean by that just check out the action in today in today's

0:44.2

trade newcomer affirm tanking 10% will sent real JP Morgan rallying nearly

0:49.2

four posh marks thinking nearly 7% macy's adding two and a half block

0:53.9

formerly known as square taking a big hit legacy player mastercard those seeing a

0:58.1

pop that trend playing out across sectors as rates rally the 10 year treasury

1:02.2

yield up 30 basis points in just 10 days so is this the same old same old rising

1:07.4

rates hitting high valuation stocks or is there more to this story this time

1:11.6

around Dan Nathan what do you say yeah well now we saw this earlier in the

1:16.2

year earlier last year in the very beginning of the year when rates started

1:19.6

rallying and we saw a lot of the names that you had up there that were down

1:23.0

today had huge 2020s and they gave a lot back in early 21 investors were

1:28.6

re-valueing some of these gross stories assuming that we were going to see

...

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