Closing Bell Overtime: Will Earnings Drive or Derail the Rally? 1/13/23
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 13 January 2023
⏱️ 44 minutes
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| 0:00.0 | All right, sir. Thank you very much and welcome everybody to overtime. I'm Scott Wopney, you just heard the bells. We're just getting started in just a little bit. I'll speak to an investor who chained this market last year. Capital wealth planning is Kevin Simpson, he's back with his latest trades and a strategy |
| 0:15.1 | he says can be a winner for you. |
| 0:17.2 | We begin though with our talk of the tape, with our earnings which are really about to |
| 0:20.9 | heat up will extend this early year rally in stocks or derail it. |
| 0:25.6 | If today's bank reports and stock moves or any indication that's going to be a volatile |
| 0:29.0 | ride over the next few weeks, let's welcome in Anastasia Amaroso, I Capital's Chief Investment |
| 0:34.0 | Strategist for her take. It's nice to see you. Welcome back to our show. |
| 0:37.4 | Of interest, interesting week. Did this change the way that you are viewing the market? Do you think it's a head fake? Is it |
| 0:44.8 | legit? What do you think? Well I think it's going to continue to be a |
| 0:48.7 | struggle and a tug of war here and for now it seems like the Bulls are |
| 0:52.4 | winning out here but the reason |
| 0:53.7 | I say this is going to continue to be a back and forth you know clearly we do |
| 0:57.6 | have an inflation easing narrative the question is is it easing well enough for the Fed and are the right parts of it easing? |
| 1:05.6 | And I think the answer to that for the Fed is probably going to be, no, not yet, because we have |
| 1:09.8 | not seen a meaningful easing in core inflation. |
| 1:12.7 | So that's one thing that's going on. |
| 1:14.1 | And then the other thing with bank earnings, |
| 1:15.9 | I think we're getting a reality check that this is not going to be a very easy |
| 1:20.3 | earnings season because first of all, the guidance from whether it's the banks |
| 1:24.3 | or any other company is not going to be positive I mean how can be when the |
| 1:29.0 | economists are in in their ears talking about zero percent GDP growth so everybody is going to be cautious and |
| 1:35.6 | you know maybe that's offset a little bit by the fact that we have revised down |
... |
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