Reopening Trade Helps Stocks Surge, and Jack Takes On Web3

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 21 December 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks recouped all of their losses from Monday and then some, with stocks tied to the reopening trade seeing some of the biggest gains. But strength was widespread with big tech adding nearly $200B in market cap. Does this set the stage for more strength into year-end? Plus Jack Dorsey caused a stir on social media after going after saying Web3 is owned by VCs. We break down his comments and find out what it means for the players in the space. 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	I'm Melissa Lee, and this is Fast Money.
0:03.0	Tonight's Trader lineup, Guaidami, Tim Seymour, Dan Nathan, and Jeff Mills tonight on
0:06.7	Fast.
0:07.7	A second half surge.
0:08.7	Fast Money friend Tom Lee is here with his outlook for 2022, why he thinks the biggest gains
0:13.7	may not come until Q3 of next year.
0:16.1	Plus, Jack Dorsey takes on Web 3.
0:18.7	What the blocks CEO had to say about the next generation of networking and what it means
0:23.1	for the stocks involved.
0:24.1	And a big bounce for China Tech, K-Web approaching a key level according to one of our traders.
0:28.7	Is it time to jump in or should you continue to tread lightly?
0:32.5	We start off tonight with a big bounce for stocks.
0:34.7	The major indices, clawing back the losses from yesterday.
0:37.5	The S&P 500 up nearly 2%, the NASDAQ almost 2.5% energy, technology, consumer stocks leading
0:44.8	the gains.
0:45.8	Today, check out some of the moves in the reopening stocks.
0:47.9	Those are strong, expedient, Norwegian, live nation, and others all seeing outside gains.
0:52.5	So do these big moves suggest the worst?
0:55.1	Is behind us.
0:56.7	Guy, how do you digest this all?
0:59.5	Well, if you watched Fast Money last night, Mel, which I know you did because you hosted
1:04.9	it.
	...

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