Closing Bell Overtime: Shaking off the bad news 06/07/22
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 7 June 2022
⏱️ 44 minutes
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| 0:00.0 | All right, sir, thank you very much. |
| 0:03.0 | Welcome everybody to overtime. |
| 0:04.6 | I'm Scott Wabney. |
| 0:05.4 | You just heard the bells. |
| 0:06.4 | We right here are just getting started. |
| 0:08.8 | In just a few minutes, I'll be joined by I-Capitals |
| 0:11.1 | and Estesia Amaroso to get her latest views on the markets. |
| 0:14.8 | Joe Taranova, Liz Young, will also be here with me. |
| 0:18.0 | We begin though with our talk of the tape. |
| 0:20.0 | This market's sudden ability, it seems, to shake off bad news from earnings to economic |
| 0:25.0 | data to that target takedown. |
| 0:27.3 | We're wondering what it says about the state of stocks right now. |
| 0:30.3 | Let's ask Brian Belzky, He is BMO Capital Markets Chief Investment |
| 0:33.4 | Strategist. He is right here at post nine. It's good to see you. Nice to see you. |
| 0:38.2 | I mean, it seems weird for me to use the word resilient with a fragile market but are we on to something with that? |
| 0:46.0 | I think we are good news is good news good news is bad news which one is it. I think when |
| 0:50.0 | we talk to clients got I think I sense that clients are getting a little bit more comfortable |
| 0:54.9 | at these price levels. I think the market has done a great job kind of re-rading some of these |
| 1:00.0 | higher growth stocks that kind of took out the so-called froth but at these levels |
| 1:05.8 | heading into the end of the year we've seen a bond market rally that is |
| 1:08.8 | obviously sent a 10-year a little bit lower and I think more and more people confident on what the |
| 1:13.4 | Fed's going to do the next two to three meetings that's now behind us. |
... |
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