THE MAN WHO MOVES MARKETS SAYS BREAK OUT YOUR RALLY CAP!

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 15 September 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

The man who moves markets, J.P. Morgan’s Chief Global Markets Strategist Marko Kolavonic, ups his year-end price target for the S&P 500. He tells us why he’s feeling so bullish. Plus, Starbucks gets roasted following big news out of China. And the Fast Money traders break down the big breakout in cannabis stocks today.

Transcript

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0:00.0	Live in the Nasdaq market site overlooking New York City's Times Square.
0:05.0	This is Fast Money.
0:06.0	I'm Melissa Lee.
0:07.0	Tonight's Friday lineup.
0:08.0	Guy Dami, Tim Seymour, Karen Feinerman, and Steve Brasso.
0:11.0	Tonight on Fast, the man in moves market says, break out your rally cap.
0:15.0	Jake Morgan's Mark of Cologne of itch, upping his urine price target for stocks.
0:18.0	While he says it is time to go risk on.
0:21.0	Plus, powering higher energy names breaking out again today will tell you what added new
0:26.0	fuel to this fire.
0:27.0	And later Starbucks gets roasted.
0:29.0	The big headline out of China that sent this stock falling about 3.5% today.
0:34.0	But we start off at the September standoff.
0:37.0	We are halfway through the month.
0:39.0	And the chart master says there is a big showdown happening in the markets right now.
0:43.0	Cornerstone macro's card are worth flagging these three charts for us tonight.
0:46.0	First up, the S&P 500 despite today's gains.
0:49.0	The index, neither breaking below or holding above its trend line.
0:54.0	Next up, the 10 year yield.
0:56.0	It is holding in a tight range.
0:58.0	Again, neither breaking down or breaking out from current levels.
1:02.0	And finally, there is gold at the chart master calling this one an epic standoff.
	...

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