Rates surge around the globe... And sell the strength in energy stocks? 8/18/26
Summary
Fast Money analyzes global bond market stress as 30-year US yields hit 19-year highs, driven by record debt issuance and fiscal deficits. The panel discusses equity risks, noting that while RBC’s Lori Calvino maintains an S&P 500 target of 8,150, rising rates and geopolitical tensions threaten valuations. Meta shares fell 4.5% as a landmark child safety trial began, while Toll Brothers beat estimates, highlighting a bifurcated housing market. Additionally, the Chart Master advises selling overheated refiner stocks like Valero, arguing they are due for a pullback despite broader energy stren…
Topics discussed
Sponsor: Edward Jones
Intro: Rates rally and market overview
Rick Santelli: Global debt issuance and deficits
Panel: Market positioning and balance sheets
Geopolitics, tariffs, and S&P 500 risks
Investment grade debt and infrastructure capex
Equity vs. debt attractiveness
S&P 500 forecast and interest rate thresholds
Fed outlook and midterm election risks
Methodology for S&P 500 target models
Market volatility and tech stock trajectory
Nvidia earnings and AI positioning
Data center permitting and political risks
AI chip inventory and competition concerns
Sponsors: Mazda and Google Cloud
Meta child safety trial and stock impact
Meta valuation and legal cost implications
Sponsors: Venture Global and ESPN
Toll Brothers earnings and housing market
Home Depot and Lowe's retail trends
Refiner stocks: Sell the rally
Pure Leaf bid for Aurora Cannabis
Target vs. Walmart earnings preview
Final trades and closing remarks
Sponsor: Energy Transfer
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