Right now on fast be where big tech that's the warning from one top investor who says

it is too early to get behind the mega cap rally even after the strength it's seen

the last few weeks plus towing the line in Taiwan speaker Nancy Pelosi expected to touch

down there despite some big warnings from China while she is making the trip and what

am I mean for relations between the U.S. and Beijing and is a time to bank on the banks

the sector struggling all year long will be joined by the CEO of KVW to find out where

it's heading from here.

I'm Melissa Lee.

This is Fast Money Life from the Nasdaq Market site in the heart of Times Square on

the desk tonight Tim Seymour, Guidami, Karen Feynman and Brian Kelly and we start this

first training day of August with a bit of a breather for stocks major indices pulling

back a bit after their best months since 2020 stocks climbing a wall of worry on everything

from inflation to the dollar to mounting job cuts.

One of our traders says the biggest risk to the market isn't any of these things.

It's that we do not go into a recession.

Tim Kelly explain yourself.

Yeah, it's a bit provocative but Debarra phrase from Blades of Glory I'm giving the people

what they want here.

So here is what I'm thinking.

We just had this massive rally all because the Fed or at least the market thought the

Fed pivoted whether they did or didn't does it matter the market thought that have this

massive rally.

...