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Closing Bell

Closing Bell Overtime: Too Far, Too Fast? 9/15/22

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 15 September 2022

⏱️ 44 minutes

🧾️ Download transcript

Summary

The debate is on over whether the Fed is about to send stocks into a tailspin by raising rates too much, too fast. Dan Greenhaus of Solus Alternative Asset Management gives his take. Plus, could the tech wreck get even worse? Fundstrat’s Mark Newton breaks down the charts and reveals his forecast. And, top portfolio manager Avery Sheffield discusses what’s at stake at next week’s Fed meeting and how she’s navigating the uncertainty. 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, 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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