are we going to tony dwyer >> tony dwyer joining us on the set. what do you think it will matter to the markets >> i'm kind of with him, i think. karen, what you have to look at what drives the market over time president clinton was impeached in the end of 1998 that wasn't the peak of the tape president nixon was impeached in -- wasn't impeached, or resigned in 1974 that was the low of the tape >> it was a low. >> well, yeah. >> for the s&p 500 -- >> you're right. it traded at an all-time high at 120. >> hold on, can i ask a different question >> hold on -- people -- hold on one second people are going to tune in right now and they'll see the intraday chart and they'll know that this news started to break late in the day. what do you draw from the chart? the chart sold off because of what was happening this afternoon or do you say it's off by a third of a percent and it's shrugging off what happened today. >> both are true that's a pretty modest sell-off. very modest, actually. a lot of people thinking if the market really gaps down a lot i would

overlooking times square i'm melissa lee, tim seymour, brian kelly, first timer and fast money friend, tony dwyer and steve grasso tonight on fast -- tonight on fast, retail has been one of the hottest trades out there and there's one new reporting earnings next week and they're about to break out plus want to know where bitcoin is going next? of course, you do and tom lee will break down the one chart he says could tell you everything you need to know about the crypto universe, but first we start with two words we haven't uttered in months. stock paradise >> yes the place where stocks go up and records happen every day earnings are great and interest rates stay low and the only thing that gets mad is your bank account and it all happens today as chad powell gives the all-clear signal so with the trade war beheine us or at least at bay, will stock paradise last? tim. >> i think that paradise should be sweet and two tickets to paradise with it being a big friend talk about threading the needle and whatever you want or listening to eddie money as much as you possibly can on a friday because it mean

tony dwyer expects about 12% from here. the s&p getting to about 2200. that is the green line. a much higher that is then the street average. is,mately what the thesis the fact that the economy continues to expand. the fed continues to tie up policy but not too much. he has an increasing earnings and environment that gets better and better. people are talking about peak earnings. whether or not we have reached the ultimate and what we will get during this cycle. it is now about that growth rate. we are still going to get earnings expanding very well. that is the key to this bullish thesis. kathleen: it has been a bit of a topsy-turvy week to say the least. why is one notable tech etf still hemorrhaging cash? has been abserve it tough week for chinese assets. has been a tough few months. the local market on the mainland in china his well and truly bear market. we are series fits and starts where equity have tried to rally off the lows we have had one or two -- one or two days of gains. speaking butish not in the outflows. we had this china internet fund. it speaks largely to the

tony dwyer joins us on why this run is not ending anytime soon. ♪ jonathan: from new york city, 30 minutesthis is countdown to the open. ♪ jonathan: a bad day for a few the president's men, casting the smallest of shadows near market new all-time high. it is called the most hated bull market ever. looking ahead to the release of federal reserve minutes. the warm-up before jackson home. 30 minutes away from the opening bell. futures -5%. in the fx market a stronger euro. 2.82.ries stable at president trump former lawyer michael: pleading guilty of campaign-finance challenges and his former campaign chairman paul manafort convicted on eight counts of tax and bank fraud. the news leading investors unfazed as stocks covered your record highs. >> this may be bad but let's not overstate the news. >>

overlooking times square i'm melissa lee, tim seymour, brian kelly, first timer and fast money friend, tony dwyert on fast -- tonight on fast, retail has been one of the hottest trades out there and there's one new reporting earnings next week and they're about to break out plus want to know where bitcoin is going next? of course, you do and tom lee will break down the one chart he says could tell you everything you need to know about the crypto universe, but first we start with two words we haven't uttered in months.

tony dwyer reset about nine days ago. we have a stronger euro over the last two days.erman two-year is lesser a negative yield. let's talk about what we've got on the side of the atlantic. you got an italian 10 year, we have yields coming down. the redre going down as and green arrows. it's the gap that the finance minister believes will cause this. the dax is a little flatter. that is pointing to a flat start of trade later on. tom: i want to show a chart here. this is trying to figure out where currency is going. this is the turkish lira with the blowout last week. trend,come back and this look at the two standard deviations, this is what professionals are looking at. we're not there yet. this gives you a way to frame where it is. i love your chart today. guy: it's diversification. we are taught that it's something you need to build into your portfolio. if you take a look at what happens with the united states against the rest of the world, the blue line is the s&p 500, that's quite a gap. and if you have been long the united states, you've suffered in your portfolio