Closing Bell Overtime: Bracing for a Big Moment of Truth? 1/11/23
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 11 January 2023
⏱️ 46 minutes
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| 0:00.0 | Sarah, thank you very much and welcome everybody to overtime. |
| 0:04.4 | I'm Scott Wopney, you've just heard the bells we're just getting started |
| 0:07.0 | from Post-9 right here at the New York Stock Exchange in just a little bit. |
| 0:10.8 | I'll be joined by Pimco's Aaron Brown. |
| 0:13.0 | She's going to give us her playbook in 2023. |
| 0:17.0 | It's kind of loud down here. |
| 0:19.0 | They're cheering it right into the end. |
| 0:20.0 | We begin with our talk of the tape the road ahead for stocks with that |
| 0:24.3 | critical c-p-pio report hitting in the morning how might the markets react. Let's ask |
| 0:29.8 | Josh Brown he's the co-founder and CEO of Ridd Holtz Wealth Management, also a CNBC contributor. |
| 0:35.9 | Josh, it's good having you with us. |
| 0:37.8 | Obviously a lot riding on the morning. |
| 0:40.3 | CPI reports are going to come out. |
| 0:41.8 | The problem is we've run a lot into the number |
| 0:44.4 | including this nice close that we just had. What does it mean? |
| 0:49.4 | I think this is going to be something that we're just going to have to focus on every month. |
| 0:53.8 | It is going to be market moving so long as we are still in a raid hiking cycle, |
| 0:58.7 | which we are. |
| 1:00.2 | The CBOE odds of a raid hike of 25 basis points currently stand at about 77 percent, a 23 percent chance for 50 basis points. |
| 1:11.0 | Obviously a screaming hot number will look like a massive setback. |
| 1:15.9 | You will see those percentage guesses flip and it will not be a good day for stocks, but I don't think that there's really any |
| 1:24.5 | reason to expect that a lot of the data has been going in the Fed's direction as |
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