Closing Bell Overtime: Countdown to CPI 2/13/23

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 13 February 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

A lot is a riding on tomorrow’s CPI, with investors wondering what different scenarios could mean for your money. Lauren Goodwin of New York Life gives her take on what’s at stake. Plus, top financial advisor Rich Saperstein gives his outlook for stocks. And, Josh Bennett of Weatherbie Capital breaks down some under-the-radar growth plays for your portfolio.

Transcript

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0:00.0	All right, Sarah, thank you very much.
0:02.9	Welcome everybody to overtime.
0:04.5	I'm Scott Wachney, you just heard the bells.
0:06.1	We're just getting started from Post Nine here at the New York Stock Exchange.
0:09.5	We're going to get Palaniers earnings momentarily.
0:12.3	Our reporter standing by with the latest there.
0:14.3	We'll show you the stock move.
0:15.6	It's up 10% in a month, so there's a lot perhaps riding on this report today.
0:20.6	We've also got top rated financial advisor Richard
0:23.2	Saperstein here with me today. We'll get his best bets in this market.
0:27.8	We begin though with our talk of the tape all that is riding on tomorrow's
0:31.0	CPI and what the various scenarios could mean for your money.
0:35.1	Let's ask Lauren Goodwin of New York Life.
0:37.4	She's with me here at Post Nine.
0:39.5	Welcome back.
0:39.9	It's good to see you.
0:41.0	So the Bears, you know their argument, right? It's don't fight the
0:44.2	Fed. The bulls are like don't fight the tape and the Dow just had its best day of
0:49.6	February. You're near 20% off the low. What side are you on? Don't fight the Fed, don't fight the
0:54.9	tape. I can't fight the Fed, Scott. I can't fight the Fed. And there's two reasons for
0:58.8	that. The first of course is the obvious one, which is that interest rates are still moving higher and while the
1:04.1	bond market has gotten on board more or less with what the Fed is saying it will do over the
	...

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