Closing Bell Overtime: Big Win for the Bulls? 2/3/23
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 3 February 2023
⏱️ 44 minutes
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| 0:00.0 | All right, sir, thank you very much. |
| 0:03.0 | Welcome everybody to overtime. |
| 0:04.6 | I'm Scott Wopney, you've just heard the bells. |
| 0:06.1 | We're just getting started from right here, Post 9, |
| 0:08.0 | at the New York Stock Exchange. |
| 0:09.8 | Coming up, we are going to have a look back |
| 0:11.9 | at one of our most memorable moments. |
| 0:14.4 | The brawl that started it all. |
| 0:16.0 | ICON versus Ackman, can you believe 10 years later? |
| 0:19.8 | I spoke with Mr. I can today. |
| 0:21.5 | I'll tell you what he told me about that shocking day a decade ago. |
| 0:25.0 | That's coming up in just a bit. We do begin though with our talk of the tape. |
| 0:28.0 | The state of the rally with the biggest week of this early year now in the books. Did the Bulls get a leg up? |
| 0:34.5 | The one they were looking for? Let's ask John Maury. He's an FJ group's chief |
| 0:38.9 | investment officer with me here at Post 9. You are one of the Bulls. I I have a bowl did you get a leg up this |
| 0:44.6 | week this is what we expected there were a handful of things that were |
| 0:48.8 | really culminating in the rally that we've seen at the end of last year you have the highest cash balances on |
| 0:54.9 | mutual funds on record. You have the most people calling for a recession since 20, |
| 0:59.1 | okay, and since 2011. You had commercial hedgers the most short equity futures going back to 20, |
| 1:06.3 | 2011, Operation Twist, as well as 09. So since it was washed out. |
| 1:10.5 | So you're playing the contrarian card. |
| 1:12.1 | Well, nobody wanted these equities and |
... |
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