Right now and fast, the big bank bananza bullish talk from Jamie Diamond and Jason Morgan

fueling a financial frenzy the rally sending all the major averages sharply higher to start

the week.

Is this a bear market bounce or the start to an early summer rally, plus President Biden

pledges to defend Taiwan if it faces an attack from China.

The White House then walked back to President's comments how nervous should investors be

about rising risks in U.S.-Chinese relationship.

And later, after Walmart's wafer in the target tumble, should investors brace for another

retail route when best by Macy's and the dollar stores report this week.

I'm Melissa Lee.

This is Fast, Funny Life, and the Nasak Market site in the heart of Times Square on the

desk tonight.

Tim Seymour, Karen Feinerman, Dan Nathan, and Gaia Dami.

And we start off with the Jamie Diamond rally shares a JP Morgan notching their biggest

gains since November 2020 as the company held its first investor day since the start

of the pandemic.

The bank saying it could hit ROE targets faster than expected, the sock, one of the top performers

in the S&P which rally nearly 2% today, the Dow and Nasak, strongly positive too.

So do these comments from Jamie Diamond suggest broader strength in the economy and markets?

I guess do we believe Jamie Diamond versus what some other prognosticators are saying,

Karen?

She believes everything.

...