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Transcripts For CNBC Fast Money Halftime Report 20160503

Money trade as it relates to energy, and the oil bottoming, and the u. S. Dollar, and that has ended. I would take the chips that one might have and a materials, energy, lower dow type of trades and move them elsewhere. Myself, i bought some puts in the xle, and the xlb in the last couple of days. You sold all of the holdings on friday . Yes, and i told friends that i had in energy names to do the same. And i truly believe it is the dynamic as it relates to the currency, and steve has often talked about what has changed fundamentally as it relates to oil, and not very much. It is a currency story, and the reversal to dday is power nfl t u. S. Tlar where it was this morning and where it is right now, and that trade is now past for 2016. You sis the other side of it . No, i tend to be with joe. And we have been talk about the dollar for how long on the desk, and talking about this, and the energy and how we have been correlated with the market and that has not broken. People have come on

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