Closing Bell Overtime: Where are stocks headed? Breaking news from the Fed 5/12/22
Closing Bell
CNBC
4.4 • 140 Ratings
🗓️ 12 May 2022
⏱️ 50 minutes
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| 0:00.0 | Welcome to overtime everybody. I'm Scott Watney who just heard the bells. We're just getting started right here at Post 9 at the New York Stock Exchange coming up in just a little bit. I'll speak to Funstrats top technician. The man who says the market can't stabilize until a certain stock does. |
| 0:14.0 | Noveen's chief investment officer will also be here with what they are telling clients right now. |
| 0:19.0 | Volatility continues to dominate the markets. |
| 0:22.0 | We do begin though with our talk of the tape. |
| 0:24.3 | The starts and stops of an attempted rally, |
| 0:26.4 | another turn lower, sort of a comeback at the end |
| 0:29.4 | and what all of it means for where your money might go from here. Let's ask Stephanie |
| 0:33.7 | Link, she's High Towers Chief Investment Strategist, a member of the |
| 0:36.6 | Half-Time Investment Committee and sitting right to my left here at Post-9 |
| 0:40.3 | at the New York Stock Exchange. It's good to see you here. |
| 0:42.3 | Great to be here. |
| 0:43.8 | We tried many times today to get something going. |
| 0:46.9 | We started to here at the end. |
| 0:48.4 | Just give us your view of where we stand now. |
| 0:51.8 | Exhausted? |
| 0:52.4 | How's that? It is a sell the rat. where we stand now. Exhausted? |
| 0:53.0 | Yeah. |
| 0:54.0 | It is a sell-the-rout rally kind of a market. |
| 0:57.0 | And this week in particular has been really disappointing, Scott, |
| 1:00.0 | because we couldn't hold a game, right? |
| 1:02.0 | And I think a lot of that has to do with the |
| 1:04.8 | CPI and PPI numbers being less accommodative, right, less peakish. And so I |
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