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Closing Bell

Closing Bell Overtime 9/19/22

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 19 September 2022

⏱️ 44 minutes

🧾️ Download transcript

Summary

A fast-paced look at the after-hours moves and late-breaking news live from the New York Stock Exchange. Closing Bell Overtime drills down into stocks and sectors, interviews some of the world’s most influential investors and gets you ready for the next day’s action. 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, sir, thanks very much.

0:03.0

Welcome, everybody for overtime.

0:04.0

I'm Scott Wabney, you just heard the bells.

0:06.0

We're just getting started here from Post-9 at the New York Stock Exchange.

0:09.0

In just a little bit, I'll speak to one investor who says he's found a big opportunity in this

0:13.6

volatile market you'll find out exactly where we begin though with our talk of

0:18.1

the tape whether stocks are setting up for a big rally into and out of this week's Fed meeting.

0:24.2

Was today the start of that?

0:26.0

Sounds crazy given how negatives everyone seems to be these days.

0:30.0

Well one well-known CMBC contributor says it couldinct-be the case and the signal could be in the bond market.

0:36.0

He is Josh Brown.

0:37.6

He is the co-founder of Ritholt's wealth management and he is on the phone.

0:40.6

Josh, thank you so much for calling in. It was at about 225 or so where you

0:45.5

sent me an email that sent the following. Blow off top for short-term yield, Treasury yields,

0:51.6

the two-year failing at 4%.

0:53.7

Vicks barely budgeting higher, 10 year calling BS on the two year,

0:57.8

it's saying, quote unquote, the Fed ain't getting to 425 this year.

1:01.6

This smells like a rip your face off rally brewing into after the

1:06.6

FOMC what led you to believe that this was about to happen

1:10.4

I was just watching the Vicks fail to confirm. Like if we were going to have

1:19.2

rates continue to shoot straight up that should have been accompanied by a lot more stock market volatility than what we

1:25.6

were seeing.

...

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