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Closing Bell

Closing Bell Overtime: New Year, Same Struggles? 1/3/23

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 3 January 2023

⏱️ 44 minutes

🧾️ Download transcript

Summary

Are investors in for any relief in 2023? Trivariate’s Adam Parker, Sofi’s Liz Young and CIC Wealth’s Malcolm Etheridge give their expert takes. Plus Cheryl Young of Rockefeller Global Family Office gives her 2023 big tech playbook. And, Mike Santoli’s first last word of the year. 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

All right, Sarah, thank you very much and welcome everybody to overtime.

0:05.2

I'm Scott Wachney.

0:06.0

You just heard the bells.

0:06.8

We're just getting started for Post-9 here at the New York Stock Exchange.

0:10.1

In just a little bit, Chart Expert Jonathanrinsky, on Apple's next stop.

0:14.8

Hint, it's lower.

0:16.4

He'll tell you just how low it might go, though.

0:18.5

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

0:20.1

That's still struggling growth trade.

0:21.4

The NASDAQ begins 2023, where it left off lower is any relief in sight

0:26.8

Let's ask see NBC contributor Adam Parker. He is the founder and CEO of Trivariate Research

0:32.2

He is right here with us on set. Happy

0:34.4

New Year. Happy year, good to see you. Nice comeback for stocks, although

0:39.4

the weakest link or one of them for certain again tech?

0:43.0

When is it going to start working again?

0:44.8

You know, I feel like this is going to be a little bit of do the opposite of the consensus.

0:49.1

That seems to be the right thing to do. Most investors I've talked to think the market goes

0:54.9

lower in the first half of the year then recovers later. So I wouldn't be

0:59.5

surprised if we ended up higher in the first half and then faded later.

1:03.0

Why?

1:04.0

We talked about it a little bit, I think, last week,

1:07.0

just briefly, which is, what are the two big barriers to the market?

...

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