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CNBC's "Fast Money"

The Ultimate Trader’s Market? And How the Banking Crisis Is Hitting the Insurance Sector 3/30/23

CNBC's "Fast Money"

CNBC

News, Business, Investing

3.91.3K Ratings

🗓️ 30 March 2023

⏱️ 44 minutes

🧾️ Download transcript

Summary

Stocks trying to end the quarter with gains, as the Nasdaq 100 closes at its highs of the year. But should you be trading or fading this rally? Plus insurance companies coming under pressure amid the regional bank rout. What parts of their business are at risk, and how deep could the pain be felt? Fast Money Disclaimer

Transcript

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0:00.0

Right now on fast, markets resuming their rally and closing well in the green as we count

0:08.3

down to the end of the quarter.

0:09.8

But it hasn't been a straight up line for stocks, so could this be the ultimate market

0:14.3

for trading?

0:15.3

Well, debate.

0:16.3

Plus, brokerage blues, Charles Schwab, big loser this month down nearly 33%.

0:21.0

Morgan Stanley today, hitting them with a downgrade, on fears more cash could be heading

0:25.3

out the door and billions of unrealized losses are on the books.

0:29.2

But could there be more than meets the eye on this Wall Street call?

0:32.6

And later, magical move for Apple by one top media analyst and protect giant should

0:37.4

buy Disney.

0:38.4

We'll go inside that report and do a little corporate matchmaking of our own.

0:42.3

I'm Sarah Eisen in tonight for Melissa Lee.

0:44.5

This is fast money lie from the Nasdaq market site full house tonight on the death.

0:48.4

Tim Seymour, Karen Feynerman, Dan Nathan and Guy Adami.

0:51.9

And we are going to start with stocks stretching to the finish of the quarter with another

0:55.3

day of gains.

0:56.3

Nasdaq again leads the way, closing above the 12,000 mark, first time we've seen that

1:01.0

in six weeks.

1:02.0

S&P 500 and the Dow also inching higher with the industrials now less than 1% from going

1:08.1

positive on the year.

1:09.4

And take a look at the Nasdaq 100, posting its best close of 2023.

...

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