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CNBC's "Fast Money"

Your End-of-Quarter Playbook and a Big Call on Financials

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 19 March 2021

⏱️ 22 minutes

🧾️ Download transcript

Summary

After a week where rates hit their highest level since last February, the Fed Chairman said he’s not close to raising rates, and the best performing sector in the S&P made a major reversal, the traders give you their playbooks for the last week of the quarter. Plus Tony Dwyer downgrading the financial sector. What’s behind his big call. 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

I'm Scott Wabner in for Melissa Lee. Thanks, Will. This is fast money.

0:04.7

Tonight's trader, lineup Steve Brasso, James McDonald, Nadine Termin, and Jeff Mills.

0:09.5

Tonight on fast a bold call on the banks.

0:11.4

Kandakorch Tony Dwyer says it's time to ring the register on the financials.

0:15.7

He'll tell us why he is downgrading that sector today. A big call today.

0:19.7

Plus, Ford driving higher on the back of a big upgrade is this these stock to play in the EV space now.

0:26.1

And later, betting on the brackets, why March Madness could be a slam dunk.

0:30.1

For the gambling stocks.

0:33.3

We do start though with a Friday fade on Wall Street.

0:36.3

The Dow and the S&P 500 finishing the day in the red with a NASDAQ managing to hold on to gains.

0:41.8

But for the week, all three major averages now finishing lower rates remaining front and center for investors.

0:47.8

The 10 year yield holding above pre pandemic highs.

0:50.7

So what is the setup as we head into the final trading week of the quarter?

0:55.2

Steve Brasso, I turn to you first. I mean, this is no big secret.

0:58.4

I guess it depends on where rates go.

1:02.4

That's 100% right, Scott. And thanks for being here. Good to see you. I haven't seen you in so long.

1:08.3

So the rates are definitely leading this market around by the head quite frankly.

1:14.8

And I think what you're seeing, though, Scott is the dynamic of people,

1:19.4

trying investors, trying to get used to buying something they're not familiar with.

1:24.5

What I mean by that, fangs, stocks, everyone knows what they do.

1:28.4

But industrials, materials, energy names.

1:31.7

There's been such a gross outperformance of growth over value for 15 years.

...

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