4.3 • 1.2K Ratings
🗓️ 11 May 2020
⏱️ 46 minutes
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0:00.0 | Fast Money starts right now. I'm Melissa Lee. Tonight's Trader |
0:04.8 | lineup Guy Adami, Dan Nathan, and technology permitting Tim Seymour and |
0:08.8 | Brian Kelly coming up on Fast. Hedge Fund legend Mike Novigrad |
0:12.0 | says the market bottom is in. He'll tell us where he is |
0:14.6 | spotting the next big investment opportunity. Plus, something just happened to |
0:18.2 | Bitcoin that has only happened twice before, what it is, and why it's a big deal for Bitcoin Bulls and later chipping |
0:24.6 | away at China will tell you about a bold plan coming out of the White House that |
0:27.6 | could reshape the entire tech landscape but we begin with the most important chart for the markets because obviously we would |
0:35.2 | start there. |
0:36.2 | That's what Dan Nathan is calling this stock. |
0:38.5 | So Dan, why don't you walk us through what this is and why it's so important to investors. |
0:45.0 | Yeah, let's talk about J.P. Morgan, obviously this is a best-of-breed bank heading into the crisis. |
0:50.0 | The stock was trading at an all-time high and you know I think there was a lot of |
0:53.7 | investors out there in January were signaling that this is a chart that's |
0:57.6 | representative of the economy that we're in pre- Pandemic and I just have to tell you I mean this thing is |
1:03.5 | acted pretty horrible on the way down it's down 35% on the year and that is |
1:09.4 | relative to the S&P 500 that's down less than 10% on the year. |
1:13.0 | So the bounce off of the lows in March |
1:15.1 | and J.P. Morgan was fairly anemic |
1:17.1 | relative to the S&P 500. |
1:18.8 | What's important here is that investors |
1:20.4 | seem to be very focused on the stocks that got us here pre-Pandemic that was |
... |
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