Your End-of-Quarter Playbook and a Big Call on Financials
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 19 March 2021
⏱️ 22 minutes
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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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