Closing Bell Overtime: Trust the Rally? 06/21/22
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 21 June 2022
⏱️ 44 minutes
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| 0:00.0 | Welcome to all the time. Thank you, Sarah. I'm Mike Santoli in for Scott Wopner. You just heard the bells, but we are just getting started. |
| 0:08.0 | Coming up, our most valuable pick by one analyst is betting on a stock that's down more than 50% this year. |
| 0:14.8 | So far we'll reveal that name later in the hour. |
| 0:17.8 | But first we begin with our talk of the tape. |
| 0:20.0 | A big bounce on Wall Street stocks kicking off the short and trading week with a rebound |
| 0:23.9 | from the worst week of the bear market but heightened fears of recession casting doubt |
| 0:28.0 | over whether the rally can be trusted. Let's ask Trivari, it's Adam Parker. He joins me here at post-9 about all this. |
| 0:34.0 | Adam, good to see it. |
| 0:35.0 | Good to see you. |
| 0:36.0 | You know, I've been out with Scott a lot recently |
| 0:38.0 | in the worst days of the market. |
| 0:40.0 | He was blaming me for the synergy. |
| 0:42.0 | He's gone. I'm with you and we got a great day so now we know |
| 0:46.8 | Sample size of one who would know |
| 0:48.8 | Parker-Hecks. We're in good shape. I guess the question is maybe we'll have you back tomorrow to test it now |
| 0:54.0 | Yeah, exactly. We obviously we're due for something like this. Everybody would agree just tactically down 11% almost in the S&P in two weeks. |
| 1:03.0 | We get this bounce. |
| 1:04.0 | Clearly, the market has been working to price in a huge series of things. |
| 1:09.0 | We know what the Fed's doing. |
| 1:10.0 | Valuations have come in a lot. |
| 1:12.0 | And the big question is what has been priced in terms of the corporate earnings outlook in terms of whether we're in a recession what's your best guess? |
| 1:20.0 | You know if you're just looking at the economic news it's clearly worse now than it |
... |
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