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MRKT Call: Trading the Bank Blowback & Block Buster

RiskReversal Pod

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The Fed's Continuing to Fight Inflation

I expected that it would be bad no matter what happened and I will say this I was on halftime report yesterday we do final trades on that show just like I know you guys do on fast money my final trade was to not trade because it's so difficult between 2 and 2 30 first of all but then even from 2 30 to 4 o'clock everything changes. The NASDAQ is up 18% in the face of what I think is going to be a recession in the back half of the year with tech companies cutting jobs they've been cutting costs fairly aggressively so maybe that's why the NASDAQ is this huge beneficiary. Watch out for bank stocks as people lose some of those names if

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