The Great Rate Breakdown, and a Stark Warning on Robinhood

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 7 July 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

With the yield on 10-year treasuries dropping again on Wednesday, we dive into the charts to see where rates are heading next and what it means for financials, tech, and the broader market. And with the SEC cracking down on Robinhood ahead of its expected IPO, one market insider warns the online brokerage may be “seducing” retail traders.

Transcript

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0:00.0	Live from the Nasdaq Market Center for Likki Mirak City's Times Square, this is Fast
0:05.3	Money.
0:06.3	I'm Melissa Lee.
0:07.3	Tonight's Trader Line up.
0:08.3	Brian Kelly, Guy Dommie, Karen Feinerman and Steve Grasso, tonight I'm faster at
0:11.4	trading the record rally.
0:12.4	A handful of big names hitting new highs in today's session is a time to fade these
0:16.0	record runs.
0:17.0	The four names we are watching.
0:18.5	Plus, out of luck, investors folding on the betting stocks today, so I should take a gamble
0:22.8	on this pullback.
0:24.1	And later, our chart of the day, Oracle rocketing higher, but option traders are forecasting
0:28.4	some dark skies ahead for this cloud play.
0:30.9	We will break down the action.
0:33.2	We start off though with a major moment of truth for the market.
0:35.8	Rates continuing to collapse, the 10-year yield, a 10-year treasury note yield falling to
0:40.0	its lowest level since February.
0:42.7	This was a quick move, lower BK.
0:46.2	What did you make of it?
0:47.2	Yeah.
0:48.2	I mean, listen, we've had lower rates for a long time here, right?
0:50.5	So to me, what the message from the market is telling you is that the Fed will likely taper
	...

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