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CNBC Fast Money June 29, 2016

Bonanza. Shares are rallying after passing the feds stress test. Is this battered sector now a bargain . The dow surging 284 points. Both the dow and s p are now positive for 2016. This marking the best twoday stretch for stocks since february, as crazy as this may have sounded, monday morning, are we on track for new alltime record highs . Dan aiken, ill go to you first. I think its very unlikely. And my point has been very consistent throughout the course of 2016, that i think that the path of least resistance is no longer higher. I think you get these very sharp reversals that you have all of false spikes that have been lower. They have not been higher. Yes, a reversal does speak to the fact that youre getting some momentum back, but we have not been able to make a new high since may of 2016, and ill just say this, this is the s p 500 in particular, you know, i think the s p is becoming a very crowded trade. I think its become a safe haven trade for equity investors, globally here. ....

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