Once again, the crude oil price today drove the equities market down today. Oil traded down 6% today, settling below $30. Banking sector got hammered today, traders are speculating banks have large exposure to energy debt that may blow up the credit market. All in all, market was down about 2% today in another !$#%$#% day in 2016.
CNBC FAST MONEY FINAL TRADES 02/02/2016
Tim Seymour – Buy iShares MSCI Emerging Markets (EEM)
Steve Grasso – Sell Energy Select Sector SPDR ETF (XLE)
Pete Najarian – Buy GWG Holdings, Inc. (GWGH)
Guy Adami – Buy U.S. Bancorp (USB)