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CNBC's "Fast Money"

A Friday Fumble Marks Market “Confusion”

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 18 June 2021

⏱️ 22 minutes

🧾️ Download transcript

Summary

Stocks sold off Friday with the Dow posting its worst week since October, and one of the traders thinks market action since the Fed meeting is a real head-scratcher. What’s got him so confused. Plus, is it time to buy into some of the most beaten down names of the week? We find out in a good ol’ fashioned game of Trade It or Fade It!?

Transcript

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0:00.0

Live from the Nasdaq Market site overlooking New York City's Times Square.

0:02.9

This is Fast Money.

0:03.9

I'm Alyssa Lee.

0:04.6

Tonight's Trader Line of Karen Feynerman, St. Brasso, Tim Seymour, and James McDonnell.

0:08.9

Tonight on Fast, one of our Traders says the market is confused.

0:12.4

What they saw in today's sell-off that was a real head scratcher will break it down

0:15.6

for you straight ahead.

0:16.6

Plus, the chart master says, look out below, like Carter Worth says there could be more

0:21.3

selling ahead.

0:22.3

We'll tell you what he is seeing in the chart and later, we're going bargain hunting as

0:25.8

a Dow rocks up.

0:26.8

It's worst week of the year.

0:27.8

And out of any of the beaten down Dow stocks are worth a second look, but we start off with

0:32.4

a Friday fumble stock selling off to close out the week with all three major averages finishing

0:36.8

your session that lows.

0:38.5

And the selling was widespread.

0:40.1

Every single S&B sector lower today with energy, utility as financials, posting the

0:44.6

biggest losses.

0:45.6

And the stocks fell, yields also fell, the 10-year tumbling back to 1.44%.

0:50.9

And today's action has one of our Traders scratching his head.

0:54.5

James, you're calling this market confused.

0:58.1

Why is that?

...

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