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Closing Bell

Closing Bell Overtime: Bear Market Bounce? Exclusive with Avenue Capital’s Marc Lasry 5/16/22

Closing Bell

CNBC

News, Business

4.4140 Ratings

🗓️ 16 May 2022

⏱️ 44 minutes

🧾️ Download transcript

Summary

Is a bear market bounce on the horizon? Greg Branch from Veritas Financial Group weighs in. Plus, Marc Lasry from Avenue Capital says his base case is a “recession.” And, what type of recession could potentially come? Michael Santoli takes a deep dive into that question in this “Last Word.” 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

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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