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Closing Bell

Closing Bell Overtime: Brave new world for investors, Jeff Gundlach reacts to Fed decision 3/16/22

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 16 March 2022

⏱️ 45 minutes

🧾️ Download transcript

Summary

Ritholtz Wealth Management’s Josh Brown and Loop Capital’s Kourtney Gibson are out with the post-Fed play and discuss how investors should trade following a Fed rate hike. Plus, top investor Jeff Gundlach from DoubleLine Capital strikes an optimistic tone. He gives his take on equities, inflation, and Bitcoin. 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

And welcome to overtime. I'm Scott Wabry. You just heard the bells. We're just getting started here in O.T. The Fed has now spoken in just a few minutes.

0:07.4

One of the top investors in the world. Double line capitals, Jeffrey Gunlock will be here to have his say on what the Fed did and most importantly what happens now

0:15.5

Our talk of the tape the brave new world for investors where your money goes from here

0:19.9

What a finish to the day. Let's welcome in some familiar faces Josh Brown and Luke capital president Courtney Gibson's great to have both of you in overtime as I said what a finish and it was a classic sort of post-fed reaction take a little bit of time and then we

0:34.6

finished on the highs of the dayport should we feel better at this moment about

0:39.2

stocks or worse?

0:41.2

Well Scott so good to see you at the end of my day. You know, at the end of this, what do I always say?

0:49.5

The markets hate uncertainty. Regardless of whether or not we had priced in seven hikes going into this or not, whether

0:56.8

we priced in five, six, three, whatever you want to think about in the market had it priced in

1:00.6

around five, the market doesn't like uncertainty. So we needed to make sure

1:04.4

exactly what the Fed was going to do and be very, very clear on how the Fed was thinking. And I think

1:10.9

that JPAL did an incredible job messaging and signaling.

1:15.7

What we've known for months?

1:16.9

I mean, how much more leading into this did you need to know?

1:20.5

Now, obviously, there were some challenges around the geopolitical issues that are going on,

1:24.7

humanitarian crisis in addition to obviously an economic potential crisis, but ultimately this is much better for stocks to know that we're at 25 fifths here and that the

1:36.4

Fed will use their flexibility as we move forward to obviously combat one of their

1:42.4

focuses which is price

1:43.9

stability and inflation.

1:45.7

It's interesting you use the word flexibility Josh

1:48.3

was it that flexible make no mistake this was a hawkish fed today. Was Jaypal soothing the word of the moment? It

1:55.9

appears in his news conference, perhaps. It's a hawkish fed, which is why I ask whether

...

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