Closing Bell Overtime: Too Far, Too Fast? 9/15/22
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 15 September 2022
⏱️ 44 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | All right, sir, thank you very much. |
| 0:03.0 | Welcome everybody to overtime. |
| 0:04.2 | I'm Scott Wopney, you just heard the bells. |
| 0:05.5 | We're just getting started here at Post-9 |
| 0:07.6 | at the New York Stock Exchange. |
| 0:08.7 | And just a little bit, I'll speak to Funstratch Technical Ace, Mark Newton, |
| 0:12.0 | whose new note is all about the state of the |
| 0:14.1 | tech wreck and whether it is about to get worse. |
| 0:17.2 | He will tell us what the charts are telling him. |
| 0:19.4 | We begin though with our talk of the tape, whether the Fed is about to send stocks into a tail spin by raising |
| 0:24.0 | rates too much too fast. That is the call from some of the world's biggest investors, but |
| 0:28.3 | is it right and what does it mean for your money? Let's ask Dan Greenhouse. He is Solis Alternative Asset |
| 0:33.8 | Management's Chief Strategist right here on set with me at post nine. Is that one of |
| 0:39.7 | the issues we need to worry about today? The Fed doing too too much first it was like they're not |
| 0:44.5 | doing enough now they got serious now it's like they're doing too much some are |
| 0:48.4 | saying that do you agree sure I well admittedly from the beginning the risk was if you allowed intentionally or otherwise |
| 0:55.6 | inflation to quote-unquote get out of control then the risk was that you would have to |
| 0:59.8 | do a lot to bring it back into something resembling a reasonable level and your ability to do |
| 1:06.9 | that is constrained without causing damage to the economy. |
| 1:10.0 | This was the argument put forth from day one by a whole host of people Mohammed Alarian, |
| 1:14.8 | Olivia Blanchard, and largely speaking that has come to pass. |
| 1:18.5 | Well, I mean, it's gotten louder lately, right? |
... |
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