Stocks end a strong week with a whimper, and what’s next for small caps? 6/16/23

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.9 • 1.3K Ratings

🗓️ 16 June 2023

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

Major markets closed out Friday in the red, but it was still a strong week for the major markets. The S&P posting its longest weekly win streak since November 2021, the Nasdaq its longest in nearly four years. But is the breadth of the rally enough to keep the optimism sustained? Plus small caps have been outperforming the broader market in recent weeks, and the Chart Master says there’s more upside to come. He lays out the case and gives us a few picks in the space. Fast Money Disclaimer

Transcript

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0:00.0	Right now in fast the S&B closing out its best week since March, the Nasdaq of 8 weeks
0:05.7	in a row in the Dow carrying a weekly gain of 2% into the weekend.
0:10.2	Can the markets keep the bull run going or are choppy waters ahead?
0:13.7	Plus keep on trucking.
0:15.1	The transports chugging higher this week too and with FedExCenter for Tuesday is still
0:19.5	time to get all aboard this red hot sector.
0:22.7	And later our charts of the week, heart to booty with interest rates at such lofty
0:26.3	levels, these names keep posting new highs, seemingly day after day, we're building up
0:31.7	to the big reveal.
0:33.1	I'm Melissa Lee.
0:34.1	This is Fast Money.
0:35.1	We're live from the Nasdaq market site on the desk tonight.
0:36.8	Tim Seymour, Bono and I, SimC Grasso and Julie Beale.
0:40.2	We start off with a muted ending to another one's strong week.
0:43.4	The broader indices all falling today, the Nasdaq and S&B 500 both snapping six day winning
0:48.4	streaks.
0:49.4	The Dow shedding over 100 points still.
0:51.4	It was overall a good week for stocks and Nasdaq blocking in its eighth straight week
0:55.5	against its longest winning streak.
0:57.5	In four years, the S&P is seeing its best weeks since March.
1:01.1	The Dow also seeing solid gains as the springtime market rally brought in beyond big tech.
1:06.6	The Dow's biggest winners this week, Intel, up more than 16 percent.
	...

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