Closing Bell Overtime: Sell-Off Staying Strong 9/26/22

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 26 September 2022

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks pulled back again today with yields and the dollar pushed higher. But, NewEdge’s Cameron Dawson thinks a relief rally could be on the horizon. She makes her case. Plus, top technician Katie Stockton breaks down the key levels to watch in the energy market. And, Brent Thill of Jefferies explains the big impact a stronger dollar could have on big tech. 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	Welcome to Overtime I'm Mike Santoli in for Scott Woffner. You just heard the
0:04.4	vowels, but we're just getting started in a few minutes. I'll speak with K K. K.R.'s Henry McVeigh.
0:09.2	He's turned a little more bullish. He'll walk us through where he sees potential upside in the markets right now.
0:17.0	But we begin with our talk of the tape.
0:19.0	The sell-off refusing to let up,
0:21.0	stops pulling back again today, because yields push higher and the dollar
0:24.6	continues to climb. The border market finishing lower for the fifth straight day with the
0:28.5	S&P 500 taking out June's closing low with about a 1% drop.
0:33.6	Our first guest though says we could see a relief rally
0:36.7	in the relatively near term.
0:38.3	Let's bring in Cameron Dawson, New Edge Wealth, Chief Investment
0:41.5	Officer.
0:42.1	Cameron, good to see you.
0:43.0	Good to see you.
0:44.0	We have a little bit of offsetting currents here, right?
0:47.0	You have a stock market that is looking oversold.
0:50.0	A lot of people can see the makings of a bounce. On the other hand, the things
0:54.4	that have been headwinds all year pretty much remain in place. How are you thinking
0:58.4	about the prospect for some relief in the short term and what would you be looking for
1:02.4	as clues as to whether it means
1:04.1	more? Yeah we think the operative word is short term in any rally because as we
1:08.9	looked at the metrics today that we look for technical measures.
	...

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