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CNBC's "Fast Money"

The Most Important Charts In The Market… Plus Tracking Weight Loss Drug Supply 6/4/24

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 4 June 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

The traders lay out the one chart telling the real market story. How the levels and price action in these areas could detail where stocks head next. Plus One telehealth company launching a weight loss drug tracker, as the surge in popularity causes shortages. How they’re tipping the scales in the obesity drug wars. Fast Money Disclaimer

Transcript

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0:00.0

Live from the Neszak Market Site in the heart of New York City's Times Square,

0:06.4

this is Fast Money. Here's what's on tap tonight. Sideways, stocks, major markets

0:10.8

and a holding pattern over the last few weeks but some charts may

0:13.5

hold the true key to where we are heading next. The traders lay out their picks for

0:17.7

what they're watching right now and tracking supply how one company is trying to

0:21.4

help patients navigate shortages in the G.L.P. One drug supply and how the

0:25.6

farmer giants are managing the road supply chains. Plus, dueling calls on Tesla will

0:30.2

the Buller Bear win this battle. Easy Come, easy go for India's stock markets and why roaring

0:35.6

kitties' options bet on GameStop is more complicated than it may seem.

0:39.7

I'm Melissa Lee, come to you live in studio be at the Nasak on the desk tonight.

0:43.0

Tim Seymour, Karen Feynman, Dan Nathan, and Diadami.

0:46.3

The Major Marcus managing to eke out games at the end of the session with the

0:49.0

Dow, Nasak and S&P all now positive so far for the week, but it hasn't been a steady climb over the

0:54.0

last few weeks with the S&P trading in a pretty tight range to the start of May.

0:58.2

So with the big indices not giving us a clear sign of where they are heading next,

1:01.9

we thought it'd be a good time to ask

1:03.3

the traders to see what they are seeing as the most important chart in the market.

1:07.3

The most important chart of the market.

1:10.3

This is a tough game, by the way. I mean, you know, what's the timeline?

1:14.0

You know, there's so much to do here.

1:17.0

But Tim, what is it?

1:19.0

Okay, well, I went with the XLY, which is the Consumer Discretionary E.T. And I went with the XL Y which is the consumer discretionary E.

...

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