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Has The Homebuilder Rally Gotten Ahead of Itself? And Are Psychedelics the Next Cannabis Trade? 6/27/23

CNBC's "Fast Money"

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The Market's Move Slowly After a Pandemic

I just think that the market we have isn't ready to roll over and turn into the 2008 from the 06, 07. I guess the way the market has moved, it's all moved slowly in terms of what we've been expecting after a pandemic. And if it is a stagflationary sort of economy, that will not be kind to equity valuations That are pushing levels that are above the 10-year average right now.

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