Closing Bell: More Room to Run? 1/29/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 29 January 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Does the three-month takeoff for stocks still have room to run? That question could be answered for us this week. Dan Greenhaus of Solus Alternative Asset Management breaks down what he is expecting. Plus, King Lip of BakerAvenue Wealth Management is mapping out what he is watching ahead of mega-cap earnings. And, Bank of America’s Chris Hyzy is breaking out his market playbook. He tells us what he is expecting from the Fed and what that might mean for stocks.

Transcript

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0:00.0	Welcome to Closing Bell. I'm Scott Wabner live from Post 9 here at the New York Stock Exchange.
0:05.0	This make or break hour begins with tech earnings, the Fed meeting on deck and how best to position ahead of all of that,
0:11.0	surely to be market moving events.
0:12.8	We'll ask our experts over this final stretch.
0:14.8	In the meantime, here's your scorecard with 60 minutes to go in regulations.
0:18.2	It's been a mostly mixed day for the major averages, though we are getting a little bit of
0:21.3	a pickup here. take a look at the
0:23.0	Nasdaq it's leading the way today investors are assessing what really is at stake
0:26.6	over the next four days to let you know to S&P is above 4900 it's going for its
0:32.3	first ever close above that level and we're going to keep
0:35.6	our eye on that closely. Nasdaq I said has been the Outper Forma, Meta and Microsoft each hitting
0:40.6	new highs. A decent day as well for the Russell.
0:43.2	A small caps are catching a bit of a bid
0:45.1	ahead of Wednesdays Fed decision.
0:48.0	All of it takes us to our talk of the tape.
0:49.9	Whether the three month takeoff for stocks still has room to run and if so how much.
0:55.2	Lots of answers likely coming this week but let's ask Dan Greenhouse of Solis
1:00.1	Alternative Asset Management.
1:01.5	He's here with me on sets. Nice to see again.
1:03.2	What's on the line this week between tech earnings of Fed, jobs reports and
1:07.5	Treasury news? It feels like this is make or break perhaps? Yeah it's a really
1:11.4	important week for both the macro and the micro.
	...

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