Closing Bell 2/27/23
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 27 February 2023
⏱️ 43 minutes
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| 0:12.7 | All right, thank you very much. Welcome to the closing bell. I'm Scott Wabner. This make or break hour begins with stocks trying to hold on to gains after an up and down session. Here is the scorecard of where things stand with less than 60 minutes to go now in regulation. Volatility, the name of the game again today. |
| 0:14.6 | Interest rates remaining at multi-month highs, |
| 0:17.1 | and that is capping the action in stocks, |
| 0:19.2 | which are trying to rebound from the worst week of the year. |
| 0:22.7 | And that brings us to our talk of the tape, |
| 0:24.3 | whether it is once again time to be bearish, |
| 0:26.4 | as so many are or bullish, |
| 0:29.3 | like some of the most steadfast optimists |
| 0:31.5 | are attempting to be. |
| 0:33.0 | Let's ask Victoria Green, G-squared Private Wealth Chief Investment Officer, also a |
| 0:36.6 | C-MBC contributor and with me right here at Post Nine. |
| 0:39.9 | Welcome, it's good to see in person here. |
| 0:41.7 | You describe yourself as a reluctant bull, |
| 0:45.4 | though it was like two weeks ago, not even |
| 0:47.4 | that you said we're in the beginnings of a new bull market. |
| 0:50.1 | I know, I know, and I'm so reluctant to say we're in a bold market but you can't ignore what the |
| 0:54.0 | technicals have done if you look at where you put in potentially a lower a higher high |
| 0:59.6 | and a higher low sorry and when we look at the markets we look at the tape you got to look at this and say |
| 1:05.1 | hey we're holding here we're holding at the 200 day moving average we're holding at |
| 1:08.6 | the the retracement levels we're holding that that new potential uptrend |
| 1:12.0 | downtrend line and so you can't fight the tape on this one and earnings |
| 1:15.9 | most likely we are going to see revisions start to kind of go positive we think earnings |
... |
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