Closing Bell Overtime: Calpers CEO Marcie Frost Runs America’s Largest Public Pension. Here Is Where She Is Allocating Funds. 7/24/23
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 24 July 2023
⏱️ 45 minutes
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| 0:00.0 | We start now the Dow hitting a fresh 52 week high and trading today major averages all in the green |
| 0:07.8 | that is the scorecard on Wall Street but the action is just getting started |
| 0:11.3 | welcome to closing bell overtime I'm Morgan Brennan with John Fort is just more than six years. And investors now turning their attention toward earnings from |
| 0:24.2 | NXP's semiconductors at 5, Whirlpool, and Cleveland Cliffs. |
| 0:28.8 | We're going to break down all the numbers as soon as they hit the wires. |
| 0:31.9 | And later, we will discuss the massive week of tech earnings |
| 0:34.9 | set to hit Wall Street |
| 0:36.2 | when we're joined by City Global Head |
| 0:38.1 | of Technology and Communications Banking, Phil Drury. |
| 0:41.7 | And the CEO Pension Fund Giant Calpers on where she is finding big opportunities |
| 0:46.5 | outside of the stock market, but let's get right to it and the markets. |
| 0:50.1 | Major averages closing higher today, the S&P 500 positive in five of the past six sessions today led by energy and financial sectors. |
| 0:58.2 | Our next guest though remains bearish on equities. |
| 1:01.0 | Joining us now is Eric Johnston, |
| 1:02.5 | Kanta Fitzgerald, head of equity derivatives |
| 1:04.6 | and cross-er asset. |
| 1:06.4 | Great to have you on. |
| 1:07.6 | Why are you still bearish here? |
| 1:10.8 | Thanks for having me. |
| 1:11.5 | So, you know, clearly the market has a significant amount of |
| 1:14.6 | momentum and the fund flows have been very strong. You've seen, you know, 70 billion |
| 1:19.3 | dollars go into mutual funds from retail. hedge funds have been increasing their exposure, and you |
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