Stocks Close Out a Volatile Week, and a Generational Pairs Trade Pits Boomers Against Millennials 10/27/23

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 27 October 2023

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Nasdaq managed a slight gain today, helped by the post-earnings strength of Amazon, but the Dow fell to a seven month low. What the action means as we head towards the last two months of the year. Plus, Bank of America says to go long the Baby Boomer and short the Millennial. How they say to play that trade and the stocks that could benefit. Fast Money Disclaimer

Transcript

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0:00.0	Live from the Nasak Market site in the heart of New York City's Times Square, this is
0:05.1	fast money.
0:06.1	Here's what's on tap tonight.
0:07.2	A Friday fade stalks slumping into the weekend after a rough week, next up a fed meeting
0:11.6	and more mega cap results, will the pain trade roll on or is a November rebound in the
0:15.9	cards?
0:16.9	We'll debate that.
0:17.9	Plus, unhealthy returns shares of Santa Fe crush after an earnings miss in a profit
0:21.5	warning.
0:22.5	The rest of the sector hit hard today too.
0:24.4	Will Farma continue to be a tough pill to swallow, will ask the traders.
0:28.0	One later battle of the generations, boomers versus millennials.
0:31.2	Why one Wall Street bank says there's a clear winner here.
0:34.4	Will it be okay, boomer or oh, yay, boomer.
0:37.9	I'm Melissa Lee, coming to you live from Studio B at the Nasak on the desk tonight.
0:41.3	Tim Seymour, Karen Feinem and Carterworth and Steve Grasso.
0:44.6	We start off with a rough end to a very volatile week.
0:46.8	The Dow industrials plunging 366 points to mark its lowest close since March.
0:51.5	The midday selloff coming as Israel increases air attacks and Gaza and expanded the activity
0:56.5	of the ground forces there.
0:58.4	The Nasak meantime did manage to hold on to a gain for the day, helped by post earnings
1:02.2	pops and Amazon and Intel still.
	...

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