S&P, Nasdaq Notch 8-Day Win Streaks, And 20 Years Since Google’s IPO 8/19/24

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 19 August 2024

⏱️ 44 minutes

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Summary

Stocks continuing their rally, as the S&P 500 and Nasdaq notch 8-day win streaks. What that milestone could signify for markets, as investors await more earnings and the Fed’s symposium at Jackson hole. Plus Google celebrating 20 years since its IPO. And after a powerhouse couple of decades for the tech giant, what can we expect for their future as regulators ramp up pressure. Fast Money Disclaimer

Transcript

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0:00.0	Thank you very much John live from the NASDAQ market site right here in the heart of New York City's Times Square.
0:07.5	This is fast money and here's what's on tap tonight.
0:11.0	On a roll, the S&P and the NASDAQ now riding an 8-day winning streak into tomorrow session
0:15.4	as the recovery rally gets even stronger.
0:18.2	So can the good times last or is it now time to fade this trade?
0:21.8	Plus, an AI boost for Bitcoin question mark will
0:25.8	break down a new report on how AI could give the beaten down Bitcoin miners a
0:29.5	major shot in the arm and maybe the cryptocurrency overall too and then later on Mickey D is getting its
0:35.0	value meal moment, happy anniversary Google and a good day for the L in Tim's Blysep acronym trade. We're going to explain that. I'm Dominic Chuin from
0:46.2	Melissa Lee tonight coming to you live from Studio B here at the NASDAQ and on the desk
0:50.7	tonight, Dan Nathan right next to me.
0:53.3	And then there's Tim Seymour, Carterworth, and Julie Beal.
0:56.8	But we start first with the S&P 500 and Nassak
0:59.9	on eight-day winning streaks.
1:01.8	For the S&P 500. It's the first 8 day
1:03.8	winning streak since last November and the strongest 8 day stretch in
1:07.6	more than 21 years. The index has finished up at least 19% for the year, the last four times there was an eight day
1:17.3	winning streak in play during the year. Still though in the short term there's
1:21.5	plenty to contend with a host of retail earnings this week starting with lows tomorrow along with Target
1:27.0	Macy's and t.J. Max as well then there's Jackson Hole starting on Thursday with Powell taking center stage Friday,
1:34.4	followed by a number of key events ahead of the big rate decision in September.
1:39.7	So Dan, we're going to start with you. Are you starting to feel good about buying this recovery
	...

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