CNBC's "Fast Money" Stocks Bounce On DC Movement On Shutdown… And Bargain Hunting In Weakness 11/7/25
Nov 7, 2025
Steve Grasso, a market trader known for his insights on sectors like airlines and commodities, joins panel trader Bono, who specializes in macro and sector analysis, including crypto. They discuss the potential government shutdown and its impact on stock prices, emphasizing bargain hunting strategies in a volatile market. The conversation dives into specific stocks to watch, like United and Delta airlines, and the recovery prospects for AI companies. Grasso and Bono also analyze the crypto rebound and the implications of stablecoins on broader market trends.
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Episode notes
Washington Headlines Moved Markets
- Washington headlines drove a sharp intraday market reversal, lifting tech and dropping VIX materially.
- Market fundamentals (earnings beats) remained strong despite political noise, suggesting the sell-off was partly sentiment-driven.
Froth Removed, Core Strength Remains
- Some froth was removed from high-flying names but core earnings strength persists across sectors.
- Rotation, not collapse, is occurring as headline risk hits peripheral speculative bets more than market leaders.
Buy Leaders On Headline-Driven Pullbacks
- When pullbacks are driven by headline risk rather than fundamentals, assemble a shopping list to buy leaders at discounts.
- Focus on core winners rather than tertiary names during these temporary dips.