Countdown to the Election: 3 Possible Scenarios for Your Money

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 2 November 2020

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks rallied in the last day before the election, but will they keep up their momentum as the results start pouring in. Fundstrat’s Tom Lee breaks down the possibilities in the three possible outcomes. Plus, should you roll the dice on Wynn Resorts? Why Morgan Stanley says a Biden victory would give it a boost.

Transcript

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0:00.0	I'm Melissa Lee and this is Fast Money.
0:03.5	Tonight's trader-dami, Tim Seymour, Karen Finerman and Dan Nathan.
0:06.8	Tonight on Fast, we are trading the vote.
0:09.0	Funds Rats, Tom Lee has a three big market scenarios that could play out based off tomorrow's results.
0:13.7	Plus, Morgan Stanley is rolling the dice on Biden.
0:16.9	Why they say this casino operator could hit the jackpot if he wins the White House.
0:21.1	And later, Dan is winding up for a fast pitch he says if you play
0:24.4	this social media stock just right it could be a total home run. We start off with a pre-election
0:30.2	pop stocks rallying on the eve of tomorrow's vote, the down-notching its biggest
0:34.6	gain in almost a month, every sector finishing the day in the green. Today's
0:38.1	rally coming after the market handed in its worst week since March. So what does today's market action
0:44.2	tell us about tomorrow's big vote?
0:46.7	Guy Dobby, what do you say?
0:49.1	Hi Mel, you like my, I got an election haircut,
0:51.5	really took it down. Really tight tight you can see that in your
0:54.1	monitor yeah high and tight high and tight it's interesting what does it tell you
0:58.2	today I this I think a lot of people squaring up ahead of the election the Vicks
1:01.9	suggests there's still a lot of concern. The Vicks
1:05.2	at one point today was positive. I think it traded up to 39 closed 37.5. That's
1:09.8	still obviously elevated. I'll say this, I said it last week. You saw a huge move in
1:14.5	Vicks from 24 to 40. It absolutely mirrors the move we saw from June 8th to June 11th
1:20.5	when the Vicks went from 24 to 40 and the S&P 500 went from 3,000 to 3,000 in a straight line.
	...

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