Has The Homebuilder Rally Gotten Ahead of Itself? And Are Psychedelics the Next Cannabis Trade? 6/27/23

Shares of Pulte, Lennar and DR Horton among the names hitting a new set of all-time highs today, prompting one of our traders to call the move “stupid”. Is the move justified, or is there trouble ahead? Plus psychedelics are all the rage from Silicon Valley and beyond. But will the industry deliver a return on investment? We’re joined by one player in the space for the latest developments. Fast Money Disclaimer