meta_pixel
Tapesearch Logo
Log in
Closing Bell

Closing Bell: Bull Market Still Safe & Sound? 01/02/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 2 January 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

A new trading year is officially underway so the big question is: is the bull market safe and sound… or just taking on a different look? Dan Greenhaus of Solus Alternative Asset Management and New York Life Investments’ Lauren Goodwin give their takes. Plus, tech saw a year of strength in 2023. VC investor Rashaun Williams breaks down whether he thinks its time to trim tech or if the sector still has room to run in the New Year. And, one of the street’s biggest bulls - NFJ’s John Mowrey – reveals his 2024 playbook.

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to Closing Bell. I'm Scott Wabder live from Post 9 here at the New York Stock Exchange.

0:03.7

This make-a-break hour begins with the messy mega caps. Whether today's selling is a sign of things to come in this market.

0:09.4

We'll ask our experts over this final stretch. In the meantime your scorecard with 60 minutes to go

0:13.6

and regulation is not very pretty on this first trading day of 2024.

0:17.8

Nasak the big declineer today. Tech taking a pretty big tumble, a rare downgrade

0:22.0

for Apple sending those shares sliding sharply today.

0:25.5

Meta, Invidia also giving back some of their outsized gains of 2023.

0:30.3

There you go.

0:31.2

Deep in the red there elsewhere, yields, oil, the vix, they're all rising,

0:35.0

and the major averages thus are broadly lower.

0:38.0

It takes us to our talk of the tape.

0:39.0

The state of stocks is a new trading year does get underway.

0:42.0

Is the bull market safe and sound? stocks as a new trading year does get underway.

0:42.9

Is the bull market safe and sound?

0:45.2

Just taking on a different look?

0:47.0

Let's ask Dan Greenhouse.

0:48.6

Solis Alternative Asset Management's Chief Strategist and Lauren Goodwin Goodwin portfolio strategist for New York life

0:54.2

investments. They are both here at Post 9. So let me ask you first Dan. Do you

0:59.7

think the bull market is intact? It's just showing its face a little differently. Now right

1:04.7

now it's a frown. The face has a frown. It's amazing because...

1:09.3

You know we're giving a little bit back obviously as we start with

1:12.7

the NAS DEC the weakest. Yeah I don't know that I would read too much into

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.