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Closing Bell

Closing Bell Overtime: Weighing Today’s Bounce 9/7/22

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 7 September 2022

⏱️ 44 minutes

🧾️ Download transcript

Summary

Did the Fed’s Lael Brainard just open the door – ever so slightly – for an end to the rate hikes and the beginning of a bigger rally? Bryn Talkington of Requisite Capital gives her take. Plus, will Apple’s big product event get the stock moving higher in the months ahead? All-star panel of Jason Snipe from Odyssey Capital and Alex Kantrowitz of Big Technology break down what they’re seeing for the tech giant. And, market expert Mike Santoli digs in on today’s rally in his Last Word. 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.

0:02.0

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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