Closing Bell: Big Rally Before a Big Collapse? 6/16/23
Closing Bell
CNBC
4.4 • 140 Ratings
🗓️ 16 June 2023
⏱️ 43 minutes
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| 0:00.0 | And as |
| 0:03.9 | always live from post nine at the New York Stock Exchange. |
| 0:06.5 | This make or break hour begins with Wall Street looking to close out a big |
| 0:10.7 | week. |
| 0:11.3 | Investors cheering on the pause in hikes they were looking for from the |
| 0:15.7 | Fed and they got it not to mention some encouraging inflation data and that has |
| 0:21.6 | some strategists pivoting. |
| 0:23.0 | Bank of America's Michael Hartnett joining colleagues, |
| 0:25.0 | admitting he was too pessimistic, |
| 0:27.0 | but still holding strong that this is not the shiny, |
| 0:30.0 | bull market without problems |
| 0:32.0 | that some people seem to think it is. |
| 0:33.9 | All right, here's your scorecard with 60 minutes to go. |
| 0:36.4 | All three major averages, they are up on the week. |
| 0:38.6 | The S&B and Nasdaq, they are both headed for their best performances since March and the Dow looking to close out its third |
| 0:45.0 | positive week in a row. Wow all right brings us now to our talk of the tape and |
| 0:50.5 | the question sort of being batted around Wall Street today and this week is |
| 0:54.8 | will there be a big other rally, keep going before a big downturn? |
| 1:00.8 | In other words, could this maybe be it? Here to help answer that question is Cheryl Young, |
| 1:05.2 | private wealth advisor for the Rockefeller Family Office. Cheryl, good to have you on set. |
| 1:10.1 | Thank you. Thank you. Thank you, Brian. I know from watching other shows such as Closing Bell, that you have time this right. |
| 1:16.8 | You went heavy on Big Tech a number of months ago. |
... |
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