What Inflation Fears? S&P Notches Record Close Despite Soaring Prices

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 10 June 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The Consumer Price Index rose in May at its fastest pace since the financial crisis, but markets seemed to shrug off inflation concerns, with the S&P closing at a record high and bond yields falling. The traders dig in to what the market is saying. Plus the Reddit trade went bust on Thursday as a regulatory crackdown looms large. What it means for the future of the momentum stocks.

Transcript

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0:00.0	Live from the Nasdaq Market
0:02.0	site overlooking New York City
0:03.0	of Times Square.
0:04.0	This is Fast Money.
0:05.0	I'm Melissa Lee.
0:06.0	Tonight's Trader Line Up.
0:07.0	Guy Dami, Dan Nathan,
0:08.0	Tim Seymour,
0:09.0	and Pete Najarian.
0:10.0	Tonight on Fast.
0:11.0	Diamond Hands.
0:12.0	Get Tested.
0:13.0	Game Stop.
0:14.0	Clean Energy.
0:15.0	Clover Health.
0:16.0	AMC.
0:17.0	All falling hard today.
0:18.0	On growing fears of a coming
0:19.0	crackdown.
0:20.0	Is the SEC about to take aim?
0:21.0	And are they even aiming
0:22.0	at the right target?
	...

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