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Closing Bell

Closing Bell Overtime: Fed’s Hawkish Double Down 1/4/23

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 4 January 2023

⏱️ 44 minutes

🧾️ Download transcript

Summary

The Fed minutes quickly took some of the air out of stocks. So, what does it all mean to your money in the months ahead? Josh Brown of Ritholtz Wealth Management gives his take. Plus, star analyst Dan Ives has cut his price target on Apple. He explains why. And, top technician Mark Newton breaks down what the charts are saying about Tesla. 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

Sir, thank you very much and welcome everybody to overtime.

0:04.1

I'm Scott Wopf, you just heard the bells we're just getting started.

0:07.0

From right here at Post9 at the New York Stock Exchange, in just a few minutes we'll get the technical

0:11.3

take on Tesla from Funstrats Mark Newton.

0:14.4

He'll tell us how low shares might go.

0:16.7

He was pretty good in calling this slide too.

0:18.9

We'll find out what's next.

0:19.9

Plus, Star analyst Dan I was with us momentarily too,

0:23.3

on why he just cut Apple's price target.

0:25.9

Two big stocks making big moves lately.

0:28.2

We begin, though, with our talk of the tape,

0:29.8

a hawkish double down by the Fed.

0:31.5

That is the take from today's meeting

0:33.6

minutes which quickly took some of the air out of stocks though that was a nice

0:36.8

flurry at the finish

0:38.2

more hikes are coming that is the bottom line and don't count on any rate cuts anytime soon

0:42.3

either so what does all of that mean for your money and don't count on any rate cuts anytime soon either.

0:43.0

So what does all of that mean for your money in the months ahead?

0:46.0

Justice stocks are trying to get something going here.

0:49.0

Let's ask Josh Brown.

0:50.0

He is the CEO and co-founder of Riddholt's wealth management as

0:53.6

C and B. C contributor. Good to see you. Interesting finish to the session here,

...

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