Right now in past rip roaring rally socks, thumbing their nose at the fed and chairpiles

plan to keep hiking rates with the mega cab monsters, painting fresh highs and IPO delivering

a delicious returns on day one. Is this all a recipe for disaster or one for delight? Plus

nowhere to hide a new report on commercial real estate warning. There are no safe havens

left at all in the sector and no end in sight to this pain. He's got one name in particular

that could fall as much as 40 percent. The man behind this report will join us at the bottom

of the hour and later clean up in aisle three at Kroger's, a trade alert on intel and a magical

month for investors in Delta. I'm Melissa Lee. This is fast money. We're live with the Nasak

market site on the desk tonight. Tim Seymour, Courtney Garcia, Bono and Ison and Diodami.

And we start off with what one of our traders calls the dumb bounding moves in the market.

The S&P 500 seeming to shake off yesterday's hawkish fed commentary closing above the 4400

mark for the first time in more than 13 months to dial rallying. 430 points for its highest

close of the year. The Nasak got more than a percent bringing its gains since January to over 31

percent and take a look at some of the stocks setting all time high today from tech giants like

Apple, Microsoft and Nvidia to old guard names like Oracle, Lanar and Eli Lilly. Then there's

a newest entrance to the market with a banner debut shares of Kava nearly doubling from their

offering price. The best day one performance of a billion dollar IPO so far this year. So all this

bullish action got us wondering is everything really coming up roses? Shouldn't we be more bullish

in this environment? We asked our traders to come up with the charts. They think tells a real

story of this market. Well, first of all, the other, every Courtney, Bono and Tim have been bullish.

So I have not. I don't want to be clear. So days like today, it definitely leaves me scratching my

head. But you look at the market, everything clearly is coming up roses. But then you hear the

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