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Closing Bell

Closing Bell Overtime: 3/31/22

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 31 March 2022

⏱️ 47 minutes

🧾️ Download transcript

Summary

Despite a late-day sell-off, major averages posted their first positive month of the year. Can that momentum continue? Liz Young from SoFi and Stephanie Link from Hightower discuss. Plus, breaking news on Activision! Dave Michaels from the Wall Street Journal reports that authorities are investigating a meeting between CEO Bobby Kotick and a trader. And, Chinese internet names are getting hit hard this year, but Eduardo Costa from Calixto Global Investors says now is the time to start buying. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

All right, Sarah, thanks so much.

0:02.6

Welcome to overtime.

0:03.5

I'm Scott Wachner.

0:04.2

You just heard those bells.

0:05.2

We are just getting started, of course.

0:07.2

Let's get right to our talk of the tape.

0:09.8

That is the way we ended.

0:11.0

The strong sell-off to end, what will still go down as the first

0:14.0

positive month of the year for stocks the question though now is what this means

0:18.3

if anything for where we go in this new month of April let's ask so far's head of investment strategy

0:24.2

Liz Young plus c. NBC contributor Stephanie Link, Chief Investment

0:27.9

Strategist and Work portfolio manager at Hightower and Chris Senyek

0:31.4

he's the chief investment strategist at Wolf.

0:34.0

It's great to have everybody here, Liz Young right here at Post Nine.

0:37.5

This is not the way that you want it to end what was a pretty strong month for stocks, is not the way you wanted to end but after

0:44.5

everything we've been through to really come through this quarter and still

0:47.4

only be down 5% on the S&P not so bad so I think the first quarter was this trifecta of bad news. We got hit with a war erupting.

0:57.2

We had inflation hitting new highs. We had the feds start hiking rates. I think this quarter

1:02.1

was as bad as it gets in the first half.

1:05.1

So the second quarter hopefully is a little bit smoother, but look, things didn't get that

1:09.0

much better, right?

1:10.2

All we did was enter the hiking cycle.

...

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