Closing Bell Overtime: How Retail Investors Are Trading AI Stocks; “Historic Opportunity” In Municipal Bonds 6/20/23
Closing Bell
CNBC
4.4 • 140 Ratings
🗓️ 20 June 2023
⏱️ 44 minutes
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| 0:00.0 | There you got your scorecard on Wall Street Day, off the lows at least, the action just getting started though, |
| 0:05.2 | winners stay late. Welcome to closing about overtime. I'm John Ford with Morgan Brennan, |
| 0:09.5 | and we are just moments away from FedEx's latest earnings we will break down those |
| 0:13.7 | results as soon as they're released. |
| 0:16.0 | Plus the CEO of natural gas and electric provider P.S.E.G. discusses what the |
| 0:21.4 | fast-growing popularity of electric vehicles means for the utility |
| 0:24.7 | sector and the outlook for home charging stations. |
| 0:27.6 | And now let's get into today's market action. |
| 0:29.7 | Joining us now is Adam Chrisifoulli from Vital Knowledge. |
| 0:33.0 | Adam, welcome. |
| 0:34.0 | So things market-wise, I mean down a bit today, but seem pretty stable considering, but is all |
| 0:40.8 | of the news and data being factored in here. |
| 0:43.0 | I mean, I can't help but look at this economic news out of China |
| 0:47.6 | and notice that Apple is still near all-time highs |
| 0:51.7 | and we're gonna get FedEx in just a bit. It doesn't seem |
| 0:55.5 | necessarily to be reflected. No I think I think for the overall S&P the |
| 1:01.4 | upside is certainly more limited than it has been. |
| 1:04.6 | You know, we've gone about 400 points since last earning season. |
| 1:07.6 | I have a really difficult time envisioning to getting above about 15-50 and then near to medium |
| 1:12.3 | term. |
| 1:12.9 | I do think though you have one more kind of big positive macro-catalyze and that is going to be |
| 1:18.0 | an acceleration of this inflationary pressure in the coming weeks and months. |
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