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Closing Bell

Closing Bell: New Month, New Momentum 12/1/23

Closing Bell

CNBC

News, Business

4.4 • 141 Ratings

🗓️ 1 December 2023

⏱️ 43 minutes

🧾️ Download transcript

Summary

After the best month for stocks in nearly a year and a half, is there now enough reasons to get more bullish? Trivariate’s Adam Parker and Hightower’s Stephanie Link weigh in. Plus, BTIG’s Jonathan Krinsky is “betting on the losers” this month. He explains why. And, Paramount shares popped today. We tell you why Apple is responsible for that jump… and what it could mean for the rest of the media stocks.

Transcript

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0:00.0

Guys, thanks so much. Welcome to Closing Bell. I'm Scott Wotner live from

0:03.4

Post-9 here at the New York Stock Exchange on this Friday. This make-a-break hour

0:06.4

begins with what else? The rally and whether a new month will bring more of

0:10.0

the same for your money. We'll ask our experts over this final stretch. Here's your

0:14.3

scorecard with 60 minutes to go now in regulation. December really beginning

0:18.0

as November went out with stocks in the green. Nearly every S&P sector is in positive territory, industrial and materials, both up nicely.

0:26.5

But there you can see it's pretty broad-based.

0:28.3

Mega Caps, always check on them, of course.

0:30.3

They're a bit mixed today.

0:31.9

Apple, Amazon, and video up meta alphabet down.

0:35.8

Yields, well, they're falling even further today.

0:38.4

Bonds just scored their best month since the 1980s.

0:42.1

Look at the 10 year.

0:43.4

422. That takes us to our talk of the tape after the best month for stocks in nearly a year

0:49.0

and a half a move that's been as broad-based as we've seen in a long time is there are now

0:53.4

enough reasons to get more bullish. Let's ask Adam Parker. He's the founder and

0:57.8

CEO of Trivariate Research, a C. M. B. C. Contributor, as you see here

1:01.6

at post-9. Welcome back. Thanks. I guess that's a question of the moment. see contributor as you see here post nine welcome back thanks

1:03.7

yeah I guess that's question the moment as we turn the calendar is it time to

1:07.0

take to get a little more positive than people have been well I don't know what

1:10.7

what people been doing I mean to me it it was pretty clear we were going to have a

1:14.5

rally we wrote about it I think November 1st right that in years the market's up

...

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