The Emerging Market Breakout and the Vote that Lit Up the Marijuana Sector

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 4 December 2020

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

U.S. Markets may be at record highs, but greater opportunity could lie overseas. We look at the move happening in emerging markets that could present the best opportunities. Plus landmark legislation on marijuana passing the House on Friday. The one stock that could benefit most from decriminalization.

Transcript

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0:00.0	I'm Melissa Lee and this is Fast Money.
0:03.1	Tonight's trader line up Tim Seymour, Steve Grosso, Bono and Eisen and Jeff Mills,
0:06.7	tonight on Fast, grab your passport because we're taking a trip overseas where you can
0:10.9	find the next big opportunity for your money.
0:13.0	Plus a big win for weed will tell you about the historic boat in the house today that
0:16.8	send cannabis stocks blazing higher and later a wauper of a celebration.
0:21.3	One fast food joint has a big birthday.
0:23.0	I'll tell you who has taken the crown on this very special day.
0:26.0	We start off with a celebration of our own.
0:28.0	Sox hitting all-time highs today as Wall Street closes out another record week.
0:32.0	The Dow, Nasak, and S&P 500 are all out. today as Wall Street closes out another record week.
0:32.9	The Dow, NASDAQ and S&P 500 are all at their highest levels ever, but as stocks hit new
0:37.5	highs here in the US, the best trade may be emerging far away.
0:42.0	Check out the emerging markets EDF. It hit its highest level in
0:45.1	nearly three years today. The EEM is far outpacing the S&P 500 over the past three
0:50.6	months. Driving the action and nose dive in the dollar, the dollar index has been on a
0:54.9	steady decline it is now at its lowest level since April 2018 so given the
0:58.7	backdrop is it time to rotate out of the US and maybe look abroad for that next big trade, Tim?
1:07.0	Now this seems like it could be a rerun of trading the globe.
1:09.5	I mean these are dynamics that we haven't seen for emerging markets in a long time and the setup
1:13.6	here is the dollar that's been discussed I guess far and wide on the network
1:17.4	and certainly if you look at where the dollar is if you're investing in
	...

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