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Closing Bell

Closing Bell: Keep Your Eyes on the Vol 3/14/24

Closing Bell

CNBC

Business, News

4.8118 Ratings

🗓️ 14 March 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

This return of volatility has investors wondering if they need to prepare for a pickup, especially with another Fed meeting looming next week. Joe Terranova of Virtus, CNBC’s Steve Liesman and BNY Mellon’s Alicia Levine break down what they think investors need to be watching. Plus, top tech investor Glen Kacher gives us his top 5 names in the AI space and why he says they’re worth watching. And, Chris Hyzy from Merrill and Bank of America Private Bank explains why he is bullish on small caps.

Transcript

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0:00.0

All right, welcome to closing bell.

0:02.5

I'm Scott Wobner live from Post 9 here at the New York Stock Exchange.

0:04.9

This make-a-break hour begins with the story for stocks.

0:07.1

Whether today's inflation report upsets it at all and how to play the markets in the weeks ahead.

0:12.8

We're going to ask our experts over the final stretch,

0:14.4

including Light Streets Glen Kager.

0:16.4

He'll join us in just a little bit.

0:18.1

Get the rundown on all things tech for Mr. Kager.

0:21.0

In the meantime, your scorecard was 60 minutes to go in regulation looks like this the momentum trade is once again on its heels today

0:27.0

His names like invidia meta and am d among others facing more selling today. There are those three stocks. Tesla it's

0:34.6

down again as another firm gets more negative on that name. It is now the worst

0:38.6

performing stock in the S&P 500 year-to-date losing another 5% today and it's barely hanging on to 160 as you saw tough day for small caps too as that hot

0:47.2

p p p p p p p p p p. p.s.

0:49.0

the russle lower it does take us to our talk of the tape the return of volatility and if investors need to prepare for a pickup in that

0:56.0

Especially with another Fed meeting looming next week. Let's ask Joe Terranova of Verdes investment partners

1:00.9

He's a C. NBC contributor, he's with us here at

1:03.3

Post Night. Is that your expectation? I mean is that is that where we're

1:06.2

trending. It's about to get get interesting for a little bit. I think the

1:09.4

market's about to get very moody and that's a dangerous place for investors.

1:13.0

Since November the market has been trading off of a sunny disposition, the personality of the market.

1:19.4

Now you get into this environment where it's about the mood.

1:21.9

Everyone wants to be a Monday morning arm chair economist,

...

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