Dow Wraps Up Best Month in Decades, But are The Highs Already In?

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 30 November 2020

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Major markets locked in a strong November, but ended the month on a down note, despite more good news on the COVID vaccine front. So is there any more upside left? Plus did Zoom’s latest earnings report pop the bubble for this work-from-home darling. And what’s next for Bitcoin after hitting a new all-time high?

Transcript

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0:00.0	I'm Melissa Lee and this is Fast Funny tonight's trader line of Guy Dami Tim Seymour
0:05.6	Karen Finerman and Dan Nathan tonight on Fast we are breaking out the Bitcoin
0:09.6	bug as a cryptocurrency sores to a new all-time high and we've got a bold call from a
0:14.8	fast-money friend.
0:15.8	B. T. I. G.'s Julian Emanuel says Bitcoin is headed to $50,000. He'll tell us
0:20.8	why straight ahead. Plus, Nicholas shares hitting the skids as GM pulls the plug on its
0:25.0	investment deal. So is this stock worth touching or will investors just get shocked?
0:30.3	And we're tracking the after hours action and shares as Zoom that stopped down on the back results.
0:34.5	The company's call is about to kick off.
0:36.3	We'll be on it and we'll bring you all the big headlines.
0:39.3	But first we start off with the
0:45.0	S&P and remember truly the Dow is surging 11.8% for its best month since January 1987 the S&P and
0:48.0	Nasak handing in their best months since April and check out what work this month
0:52.1	energy up more than 25% financials up 17%
0:56.7	and the small caps best month ever but the bulls weren't hiding today and that's
1:00.8	rare for Monday November. Check this out.
1:03.3	Each of the past for Mondays,
1:04.8	we've gotten big vaccine news before the market opened.
1:07.9	But take a look at the diminishing returns.
1:09.6	The market fell today, despite Moderna,
1:12.0	requesting emergency use authorization of its vaccine.
1:15.0	So is a comeback trade all baked in at this point?
	...

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