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CNBC's "Fast Money"

The Real Read on Retail, and Why Bitcoin May Be About to Break

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 18 November 2020

⏱️ 44 minutes

🧾️ Download transcript

Summary

Retail proving to be a surprising bright spot amid Wednesday’s sell off, with the XRT sector ETF hitting an all time high. But do the companies’ balance sheets support the surge and their rising dividends? We dig in to retail debt markets. Plus Bitcoin crossed the $18,000 mark for the first time in nearly 3 years, but the Chart Master says it might be time to take some money off the table. What he’s seeing now.

Transcript

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0:00.0

I'm Melissa Lee and this is Fast Money.

0:03.0

Tonight's trader-dami, Tim Seymour, Karen Finerman and Steve Grosso.

0:06.2

Tonight on Fast, Bitcoin Bulls, beware of the digital currency touching its highest level in nearly three years.

0:11.2

But the Chartmaster says a crypto crash could be

0:14.0

coming the three charts that have him so worried plus shares of invidia on the

0:17.8

move in the after hours on earnings the company's call is now underway

0:21.0

we'll bring you all the big headlines and later Steve Brasso is

0:24.4

stepping up to the plate to pitch his next best idea why he says this stay-at-home

0:28.2

stock is truly a sound investment. We start off with the late day sell-off on

0:32.4

Wall Street socks

0:33.3

slammed into the close as headlines head on the coronavirus. New York City, the

0:36.9

nation's largest school system is halting all in-person learning starting

0:41.1

tomorrow. The news comes as a number of coronavirus cases

0:44.3

and hospitalizations continue to shatter records nationwide. But there was a bright

0:48.7

spot in today's sell-off that caught our attention. Check out the XRT retail EDF. It had a new all-time high

0:54.4

today before pulling back with the broader market. Still managed to finish the day

0:57.8

in the green thanks to strong reports from Target and TJX. So we've got a

1:01.6

record number of COVID cases in America and retailers are hitting a record

1:06.6

highs.

1:07.6

Guy, how could this make any sense?

1:11.0

Not preposterous and we've talked about it.

1:12.4

I mean they're the ha have and the have nots.

...

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