Closing Bell Overtime: Bear Market Bounce? Exclusive with Avenue Capital’s Marc Lasry 5/16/22
Closing Bell
CNBC
4.4 • 140 Ratings
🗓️ 16 May 2022
⏱️ 44 minutes
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| 0:00.0 | Welcome to overtime. I'm Scott Wabney, you just heard the bells. We of course are just getting started right here at post night. |
| 0:05.2 | In just a few minutes I'll speak exclusively to billionaire investor Mark Lazzary on where the best opportunities are in these highly unsettled markets. We'll also do some |
| 0:14.4 | well watching today those 13 F filings dropping during the OT. We are on the |
| 0:19.1 | lookout for them. We do begin though with our talk of the tape, the Bear Bounce, |
| 0:23.0 | and whether a significant one is coming, and if so, how long it might last. |
| 0:28.0 | We'll ask Greg Branch of the Veritas Financial Group. |
| 0:30.6 | He's with me live. |
| 0:31.6 | It's good to see you. You've been negative. I know you've said |
| 0:34.0 | that on this program a number of times, but even you were looking for some kind of a bounce. |
| 0:38.8 | Where is it? |
| 0:41.1 | It disappeared with that horrible |
| 0:42.6 | CPI number. |
| 0:44.0 | Remember I've been talking about the base effect |
| 0:46.0 | and expecting certainly more than 20 basis points of easing. |
| 0:50.0 | And since we didn't get that, yes, we're going to face a 5% from May of 2021, |
| 0:55.7 | but I'm less hopeful that even that will matter. |
| 0:58.5 | What that means is that I think that they're going to have to start to reconsider |
| 1:02.1 | whether or not 75 basis points is appropriate. |
| 1:05.0 | Now we'll hear from Jerome tomorrow, but we know that the more hawkish messages usually come from James |
| 1:10.2 | Bullard, and I'm anxiously awaiting what he's going to put out in the press. |
| 1:14.6 | But that's concerning Scott. |
| 1:16.2 | You know, I've long said that there are names in tech that will deliver double digitities |
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