4.3 • 1.2K Ratings
🗓️ 26 October 2020
⏱️ 44 minutes
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0:00.0 | I'm Melissa Lee and this is Fast Money. |
0:03.7 | Tonight's trader-dami, Tim Seymour, Karen Feinerman and Dan Nathan tonight on Fast. |
0:08.0 | We are charting the sell-off with the three most troubling charts in the markets, |
0:11.6 | according to one of our traders |
0:12.7 | plus Morgan Stanley's Mike Wilson is standing by in the fast line he's been calling for a 10% |
0:17.1 | fullback will get his take and today's big drop and later you're gearing up for the |
0:21.5 | tech Titans how our traders are positioned as you |
0:24.0 | get ready to kick off a monster week of earnings. We start off at the market |
0:27.5 | sell off front and center. The S&P dropping more than 1.8% today for its worst day |
0:32.3 | in more than a month, while the Dower |
0:34.1 | race its gains for the month of October. All 11 S&P sectors were |
0:37.8 | negative today with energy hit the hardest. Four big factors of course weighing |
0:41.9 | on the market here. A new record for coronavirus cases no stimulus |
0:45.8 | We are kicking off the busiest week of earnings and the election just eight days away so for all of these reasons |
0:52.0 | Should investors pay their risk right now? Is that what we saw playing out in the market? |
0:57.0 | Tim, we'll start off with you. |
0:59.8 | Well, I think if you look at the trend really since mid-July we had an up-10 down 10 |
1:05.4 | up 10 percent again in the market now we pulled back almost 5 percent this is largely |
1:09.9 | a range train around uncertainty on elections and stimulus. |
1:13.7 | And I think if you look at the companies are going to report later this week with that big |
1:17.8 | eye on Thursday where we have Amazon, Apple, Facebook, and you name it, that's coming out in terms of where the mega cap market |
1:25.2 | tech has been. |
... |
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