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Closing Bell

Closing Bell: Big Bull Rally Risks? 5/13/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 13 May 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

Is the bull market at serious risk or not? Solus’ Dan Greenhaus, Invesco’s Kristina Hooper and Merrill and Bank of America Private Bank’s Marci McGregor debate their forecasts. Plus, Alphabet shareholder King Lip weighs in on what’s at stake for that name ahead of its developer’s conference. And, the EV stocks charged higher today. Phil Lebeau explains what is behind that move and what it could mean for the sector more broadly.

Transcript

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0:00.0

All right, Kelly, thanks so much. Welcome to Closing Bell. I'm Scott Wobner live from Post 9 here at the New York Stock Exchange.

0:05.0

This make-a-break hour begins with the markets on edge as critical inflation data looms large.

0:10.0

The recent rally back from the April lows, potentially hanging in the balance.

0:14.0

We will ask our experts over this final stretch, what is really at stake this week with the release of

0:18.5

both PPI and CPI reports.

0:21.6

Our guest today, including Sarah Nason Terrehano of Goldman Sachs Private

0:26.0

Wealth. It's going to be here at Post 9 in just a little bit. In the meantime, take a

0:29.2

look at the scorecard with 60 minutes to go in regulation. We're still less than 1% away from those new all-time

0:34.4

highs.

0:35.4

May not get there today.

0:37.0

We're led by Apple, though, in some of those higher beta growth names, and we're watching

0:40.7

Alphabet shares closely today. As open AI refreshes its chat

0:44.3

GPT chatbot will have a deeper look at the latest salvo in the AR arms race coming up

0:49.3

What it means for investors as well in the broader markets well most S&P sectors seeing modest

0:54.2

losses today small caps are outperforming yields are down so what else is new the

0:59.0

Russell is up we'll watch that over this final stretch it does take us to our talk of the tape whether the bull market is at serious risk or not

1:06.2

Let's ask Dan greenhouse chief strategist for solace alternative asset management with me here at post nine welcome back thank you see the

1:13.7

barons over the weekend doubt 40,000 so close you can feel it why you should fear

1:19.1

it and they make a direct line to the CPI because that's coming up on Wednesday.

1:25.5

PPI is tomorrow.

1:27.4

They say recent history points to reasons for pessimism.

1:31.3

At this rate, investors could be betting on rate hikes instead of

...

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