'Fast Money' traders debate Treasury Sec. Bessent's call to lower Fed rates impact on the markets

We start off with that big call from the Treasury Secretary in an interview this morning. Scott Besson telling Bloomberg that the Fed should cut rates by 50 basis points next month and that ultimately rates should be 150 to 175 basis points lower than they are right now. That got us wondering what would that mean for the markets.Starting with stocks, the S&P and NASDAQ hitting records today, but it was the long underperforming small cap Russell 2000 that saw the biggest gains. Do out of favor groups and sec ...