What the Most Crowded Trade Says About Inflation

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 15 June 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Commodities surpassed Bitcoin as the most crowded trade in June, according to the latest Bank of America Fund Manager Survey. But does this mean a peak in commodity prices, and how will that affect the Fed ahead of its decision tomorrow? Plus, MicroStrategy has made some big bets on Bitcoin. CEO Michael Saylor joins to talk about the moves.

Transcript

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0:00.0	Black from the Nasdaq Market site, overlooking New York City's Times Square.
0:04.8	This is Fast Money.
0:05.8	I'm Courtney Reagan, filling in this evening for Melissa Lee.
0:08.6	Tonight's straighter lineup, we have Dan Nathan, Guy Adamic, Tim Seymour, and Karen
0:12.9	Fireman.
0:13.9	Tonight on Fast, we are all over the after-hours action and shares of Oracle.
0:17.7	The stock under pressure after the company just reported results.
0:20.9	The call is getting underway.
0:22.4	Now we will bring you all the big headlines from the quarter.
0:25.6	Plus, what's the strategy?
0:27.8	The micro-strategy, looking to sell up to $1 billion worth of shares, to possibly buy
0:33.1	more Bitcoin.
0:34.1	We'll speak with micro-strategy CEO, Michael Sailor.
0:37.8	And later, we have a fast-pitch on deck.
0:40.2	Our lead pitcher is taking the mound tonight to throw out her best idea.
0:44.4	Why she thinks this semi-stock is a total home run.
0:48.6	But we start off with the most crowded trade in the market, long commodities.
0:53.3	Bank of America is saying the group took the top spot in its latest fund manager survey
0:57.6	outsting Bitcoin, which led the pack in May and tech the number one trade early in
1:02.8	the year.
1:03.8	But crowded trades have tended to coincide with market peaks.
1:06.9	Just look at Bitcoin here over the last month.
	...

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