meta_pixel
Tapesearch Logo
Log in
Closing Bell

Closing Bell: Can You Trust this Market? 11/12/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 12 November 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

Can the markets’ pro-growth, risk-on message of the past week be trusted? And how has it changed the setup into the year’s final stretch? Our all-star panel of Sofi’s Liz Young, Metlift’s Drew Matus and Thornburg’s Emily Leveille break down where they stand. Plus, Sherry Paul of Morgan Stanley Private Wealth breaks down her year-end playbook. And, we run through what to watch from Instacart, Occidental Petroleum and Flutter when those names report in Overtime.

Transcript

Click on a timestamp to play from that location

0:00.0

And welcome to closing bell. I'm Mike Santoli in for Scott Wapner. We are live from post 9 at the New York Stock Exchange. This maker break hour begins with the rally taking a rest on the seventh day since the U.S. election after a swift near 5% surge since the start of last week in the S&P 500. Let's take a look at our scorecard with 60 minutes to go in regulation.

0:21.6

That S&P barely off right now, actually just pretty close to the flat line. It had been down

0:26.6

more than half a percent around the midday lows. The Dow industrials, been a little more the

0:31.1

outperformer recently is settling back more so. It's down about six-tenths of one percent the NASDAQ 100 hanging in there that would

0:39.0

have been sidelined in the immediate rally after the election with the likes of invidia and

0:43.6

Microsoft today playing a bit of catch up you see each up one and two percent there giving

0:49.3

support to the broad market the small cap brussel 2000 and a more notable pullback after a

0:53.4

blistering sprint

0:54.2

to the verge of a record high on yesterday. It's down 1.6%, but still up more than 9% month

1:00.9

the day. The Treasury market reopened after the Monday Veterans Day holiday, and the sellers

1:05.8

have rushed in, pushing the 10-year yield. Let's see, it was back above 4.4%. There it is, 4.43. That's not far

1:13.2

toward those, from those immediate post-election highs in yield. Now that takes us to our talk of the

1:19.0

tape. Can the markets pro-growth risk-on message of the past week be trusted? And how has it

1:24.2

changed the setup into the year's final stretch? Let's ask our panel.

1:28.5

So far is Liz Young Thomas, MetLife Investment Management's Drew Mattis,

1:32.3

and Thornburg Investment Management's Emily Lovell.

1:35.3

Everyone here with me at Post 9.

1:36.8

Great to see you all.

1:38.2

Thanks for being.

1:38.7

Liz, I guess the question here is it was a pretty assertive,

1:42.7

you know, this is what the election means,

1:45.2

the anticipated policy mix, pro-cyclical, small-cap finish.

...

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.