Closing Bell: All-Clear for Stocks? 11/3/23
Closing Bell
CNBC
4.4 • 140 Ratings
🗓️ 3 November 2023
⏱️ 43 minutes
🔗️ Recording | iTunes | RSS
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| 0:00.0 | And welcome to closing mail everybody. I am Brian Sullivan in for Scott |
| 0:04.8 | live from Post 9 here at the New York Stock Exchange and this make-or-break hour. |
| 0:09.4 | I'm sure we're breaking but we're going to try to make it with stocks on track for their best week of |
| 0:14.5 | the year you're welcome America. The Dow the S&B and NASDAQ all on track to |
| 0:19.1 | close the week up more than 3% small caps doing even better for once. In just a few minutes we're |
| 0:25.5 | going to speak with Morgan Stanley's Chris Toomey he runs one of the highest |
| 0:28.7 | ranked private wealth advisory teams in all the land he'll tell you what he is telling his |
| 0:34.2 | high net worth clients right now that's ahead but we begin with our talk of the |
| 0:38.8 | tape this week we got a jobs report we got Apple numbers we had a Fed meeting we had a Treasury |
| 0:44.7 | refunding and guess what stocks rallied after each and every one of them is |
| 0:50.3 | this then the all clear for stocks that investors have been waiting for I don't |
| 0:55.4 | know but our guest does Lauren Goodwin of New York Life Investments she is here at |
| 0:59.6 | post 9 where Lauren welcome I don't think it's an accident that that every time you |
| 1:04.6 | and i do the show together the market goes up you notice that look it's it's it's it's |
| 1:08.9 | we know what to do there we go let's do it uh... what are you telling your clients are you shocked by this rally? I'm not |
| 1:15.3 | shocked by this rally but I'm not sure how much longer we have to go. The |
| 1:20.3 | employment report that we saw today to me is a pretty clear signal that the last of our economic dominoes are beginning to topple. |
| 1:26.6 | That means we probably have a couple more months of this resilient economic data that we've been seeing. |
| 1:31.6 | A little bit of edge off the Fed that I think |
| 1:34.0 | could be supportive to stocks, but it really is a tactical improvement from our |
| 1:37.9 | perspective with recession right around the corner. So okay, recession right |
| 1:40.8 | around the corner because I posted this on X formerly known as |
... |
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