Closing Bell: Banking on a Year-End Bounce? 10/11/23
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 11 October 2023
⏱️ 43 minutes
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| 0:00.0 | Welcome to Closing Bell. I'm Scott Wobner live from Post Nine here at the New York Stock Exchange. |
| 0:04.3 | This make-to-break hour begins with a still unsettled market as rates, inflation, and of course |
| 0:09.8 | the escalating situation in the Middle East all tug on investor sentiment. |
| 0:14.2 | Your scorecard with 60 minutes to go in regulation, it's mixed, it's volatile. |
| 0:18.9 | Yet again for stocks following that hotter than expected PPI report, yields which were mostly lower ahead of it. |
| 0:25.2 | Well, they moved mixed. |
| 0:26.4 | There's your picture, the two years above 5%, the 10 years at 459. |
| 0:31.2 | Equities, little volatile as well they've moved lower to if there's a bit of a |
| 0:35.4 | bright spot today it's in tech as several of the mega cap names have stayed in |
| 0:39.6 | positive territory there's a picture there metaidia, Amazon all up better than 1%. |
| 0:44.6 | Energy's the weakest sector today. |
| 0:46.4 | Crude continues its sharp pullback. |
| 0:48.8 | Keeping an eye there over the final stretch as well, 83 bucks. a decline of two and a half percent all |
| 0:54.7 | of it takes us to our talk with the tape whether just good enough earnings |
| 0:58.6 | which begin in just a couple of days will be good enough to send stocks into a year-ending run-up. |
| 1:05.0 | Let's ask Dan Greenhouse. |
| 1:06.3 | Solis Alternative Asset Management's Chief Strategist, he is with me once again at |
| 1:10.7 | post nine. |
| 1:12.0 | So rates have largely been cooperating in the past few days will |
| 1:16.2 | earnings yeah I mean I think the answer is yes I think this idea that earnings |
| 1:22.1 | just need to be satisfactory or not is sort of secondary to the yield story which you just brought up and what I mean by that is pretty clearly you've seen a relationship between the two since the end of July. You had the Bank of |
| 1:34.8 | rates and stocks. You had the Bank of Japan and then you had the supply |
... |
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