What Banks Are Saying About the Market

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 1 March 2022

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

Major indexes fell sharply on Tuesday, but closed well off their lows of the day. But bank stocks took an even bigger hit, with the KBE ETF seeing its worst day since November 2020. So is the sell-off in the financials telling us something deeper about the market? Plus crude oil prices topping $100 for the first time in seven years. The Chart Master lays out where prices are going from here. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	Right from the Nasdaq Marketshead overlooking New York City's Times Square.
0:04.3	This is Fast Money.
0:05.3	I'm Melissa Lee.
0:06.3	Tonight's Trader lineup, Tim Seymour, Karen Feinerman, Dan Nathan, and Pete Najarian,
0:09.8	co-founder of MarketRebellion.com.
0:11.8	Tonight on Fast, the man from Big Short Fame is sounding the alarm.
0:14.9	Danny Moses says there could be trouble brewing under the surface of this market.
0:18.6	He'll tell us what he is seeing straight ahead.
0:20.5	Plus, oil breaking out big time, crude scoring above $100 a barrel for the first time.
0:25.5	And more than seven years, Chartmaster Carterworth is drilling down on where this straight is
0:29.4	headed next.
0:30.4	And we're all over the after-ows action in Nordstrom, Salesforce, AMC, they're all on the
0:35.0	move right now.
0:36.0	As a call, get underway.
0:37.0	We'll bring you the very latest on their quarters.
0:39.3	But we start off at the sell-off, Russia, ramping up attacks inside Ukraine, sending stocks
0:44.0	spiraling.
0:45.0	The S&P 500 down more than 1.5% of the Dow shedding nearly 600 points.
0:50.0	This as the great rate route continues.
0:52.8	Just take a look at the yield in the 10-year treasury, hitting lowest level since January
0:56.7	5th.
0:57.7	Rates were above 2% just last Friday, and that drop is having a big impact on the banking
	...

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