Closing Bell Overtime: Dow’s Best October Ever 10/28/22
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 28 October 2022
⏱️ 44 minutes
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| 0:00.0 | Welcome to overtime everybody. I'm Scott Wapner. You just heard the bells, the big |
| 0:03.5 | cheers of course. We're just getting started from Post Nine here at the New York Stock Exchange. |
| 0:08.1 | Coming up, we have a big interview you cannot afford to miss. Fed Whispera, Nick Timorosa, the Wall Street Journal, he will join us. |
| 0:15.2 | He'll tell us what's likely to happen at next week's all important meeting and even more |
| 0:19.6 | importantly in December and beyond. We begin though with our talk of the tape, |
| 0:24.0 | the best October ever for the Dow, |
| 0:26.0 | and what it might signal about where your money will work best |
| 0:29.0 | in this new market environment. |
| 0:31.0 | Let's ask Cameron Dawson of New Edge Well, she's here with me on set. |
| 0:35.1 | It's great to see you. |
| 0:36.1 | Welcome back. |
| 0:37.1 | Unbelievable move that we had in the market. |
| 0:38.9 | I'm curious, your thoughts, given you've been more negative than a lot of others. |
| 0:42.3 | Yes, so when we talked a few weeks ago, |
| 0:44.2 | we thought it was very dangerous to be too short or too negative in this market |
| 0:48.5 | simply because we got so oversold moving too far too fast |
| 0:52.3 | to the downside, and it meant that we were |
| 0:54.3 | really prime for some kind of relief rally and then to see the market rally so |
| 0:59.0 | much on today's kind of very weak news from the tech names showed you that there is |
| 1:04.3 | still more buying, still more positioning to kind of get just back to |
| 1:07.8 | neutral after people got so short. So we think that this rally could continue. |
| 1:12.0 | First level to get through is to 3,900. |
... |
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