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CNBC's "Fast Money"

The Q2 Market Kickoff and Where We’re Heading in April 3/31/23

CNBC's "Fast Money"

CNBC

News, Business, Investing

3.91.3K Ratings

🗓️ 31 March 2023

⏱️ 22 minutes

🧾️ Download transcript

Summary

Stocks closed out the quarter with gains across the board, but what’s in store for investors as we head into what’s historically the best month of the year? Plus the trader whose acronym is crushing the pack so far this year. Fast Money Disclaimer

Transcript

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0:00.0

Morgan, thank you very much indeed. Fast money does begin right now. Welcome everybody.

0:05.7

A blockbuster first quarter in the books for technology, so we'll April.

0:10.4

Show our investors with more gains, or is this trade about to come back to Earth Plus?

0:14.9

A flawless start to the year for the beauty stocks. How long can these record breaking

0:19.9

performances last? We will debate that one and later. One of our traders is riding his fame

0:24.5

to stock market fortune. We will break down the fast money acronyms three months into the new year.

0:31.3

In from Melissa Lee, I'm Tyler Matheson. Welcome everybody. This is Fast Money.

0:35.2

Live from the Nasdaq Market site and on the desk tonight, Tim Seymour number one.

0:39.5

Guy Adammy number two. Jeff Mills number three. Steve Grassowe joins us from his estate somewhere

0:45.2

in Westchester. The Baron is up there. Steve, welcome. And we start with a strong end to a strong

0:50.4

quarter markets closing out the first quarter near their highs of the session.

0:55.2

The Nasdaq jumping 1.7% today to market its best quarter since June of 2020. The S&P

1:03.7

up 7% this year, even the Dow with its gains today. Claude itself, believe it or not,

1:09.5

back into the green up at one and a quarter percent on the session today, 415 points. Take a look

1:15.4

at what is leading the charge. It would be technology, communication services and consumer

1:22.0

discretionary sectors, all up more than 15% so far this year. On the not so bright side,

1:28.9

you probably knew this, the financials worst group in the S&P in 2023, the regional bank index

1:35.2

putting in its second worst month on record. But there's one reason to be hopeful as we get ready

1:40.8

to kick off April. We're about to enter what has historically been the best month of the year

1:46.4

for the Dow. According to the stock traders, Almanac, the index rising in average of nearly 2%

1:51.4

during the month. So after all the action we've already seen this year, how do you get ready guy

1:57.1

for the second quarter and the idea that April is a sweet month? Well, this group before you

...

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