Closing Bell Overtime: Weighing Today’s Bounce 9/7/22
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 7 September 2022
⏱️ 44 minutes
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| 0:00.0 | All right, sir, thank you very much. |
| 0:02.0 | Welcome, everybody to overtime. |
| 0:03.4 | I'm Scott Wapney, you're just with the bells. |
| 0:04.6 | We're just getting started. |
| 0:05.9 | In just a few minutes, we will discuss |
| 0:07.7 | whether today's Big Apple event will get that stock moving higher |
| 0:10.6 | in the months ahead, despite the choppy and unsettled markets. |
| 0:13.7 | Of course, we begin though with our talk of the tape. |
| 0:16.2 | Today's bounce in stocks and whether one very important Fed Talker just opened the door |
| 0:21.2 | ever so slightly for an end to the rate hikes and the beginning of a |
| 0:24.8 | bigger rally. Let's ask Bryn Tawkington requisite capital managing partner, a |
| 0:28.8 | C. M.C. contributor, a member of the Investment Committee. It's good to see you. It was |
| 0:32.3 | Lael Brainerd. She was hawkish, no doubt about that. Until she said, |
| 0:36.7 | you got to be careful not to overdo it on the tightening. It happened during half-time stocks took a |
| 0:41.6 | little bump higher the market seized on it what do you make |
| 0:44.0 | of that. |
| 0:46.0 | Last time we listened to the rhetoric enter the meetings that didn't end so well for the |
| 0:50.8 | market so I'm still going to listen to Powell. I think she was just you know being |
| 0:56.7 | honest about what the data points that they're looking at but I think it's really |
| 1:00.8 | clear they're going to continue to raise rates because she also said it's going to take a few months until we know the real data. |
| 1:09.0 | And so a few months from now takes us to the end of the year. |
| 1:12.0 | So I wouldn't get too excited about her spring clean ed. |
... |
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