Closing Bell Overtime: Real Rally vs. Wall of Worry? 3/28/22
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 28 March 2022
⏱️ 44 minutes
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| 0:00.0 | And welcome to overtime. I'm Scott Wapney. You just heard the bells. We of course are just getting started here. |
| 0:04.6 | Pimco's Aaron Brown, Ed Yardenny as well, along in just a few minutes with actionable ideas for your money. |
| 0:10.9 | We do begin with today's talk of the tape. Is it just a matter of time |
| 0:14.8 | before this amazing move from the lows collapses under the weight of just too much |
| 0:19.2 | worry? Or is the market's new found resiliency now its greatest asset. |
| 0:25.0 | Let's ask Dan Greenhouse of Solis Asset Management. |
| 0:28.0 | He's here with me at Post Nine. |
| 0:30.0 | It's good to see you. |
| 0:31.0 | Thank you. I mean, it is a resilient market. |
| 0:33.2 | You try and push this thing down and it comes right back in your face. |
| 0:36.0 | Yeah, I saw you talking about it on the halftime show today and it's really impressive. |
| 0:40.5 | When you think about what happened in the Treasury market last week, two-year |
| 0:43.2 | yields up by 30-plus basis points, 10-year yields up by 30-plus basis points, historically |
| 0:48.7 | at best risk assets tread water during moves like that, And yet obviously you saw both the NASDAQ, |
| 0:54.8 | the more rate sensitive NASDAQ on the S&P 500, |
| 0:57.4 | up by about 2% last week. |
| 0:59.0 | Looking at the VIX today at 20, |
| 1:02.4 | that gets people talking. I don't know if that's a sign of complacency or kind of |
| 1:06.2 | of where we are. What do you think it means, if anything? |
| 1:08.2 | Yeah, I don't know if it's complacency per se because I don't think it's as if the market is not aware |
| 1:12.4 | of some of the the |
| 1:14.4 | existing and growing risks. I think it is purely a function of the fact that sometimes |
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