Closing Bell Overtime: Your November Playbook 10/31/22

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 31 October 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Dow had its best month since 1976 … but is the rally really sustainable? Trivariate’s Adam Parker, CIC Wealth’s Malcolm Ethridge and Jessica Inskip of Options Play give their forecasts for the month ahead. Plus, top-ranked financial advisor Richard Saperstein is breaking down his strategy for stocks. And, NXP reported results in Overtime. Shareholder Jim Lebenthal gives his instant reaction – and what he’s looking for from the rest of the semi reports. 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 and welcome everybody to overtime.
0:03.2	I'm Scott Wabney, you just heard the bells. We are just getting started from
0:06.8	Post9 here at the New York Stock Exchange in just a little bit. I'll speak to
0:10.8	one of America's top-ranked financial advisors on where your money is
0:14.9	likely to work best in the months ahead. We've also got an XPI earnings about to hit
0:19.4	giving us the latest read on the state of the semiconductor industry.
0:22.6	Our Christina Parts of Nervolos is standing by, of course,
0:25.2	with that breaking news.
0:26.9	We begin, though, with our talk of the tape.
0:28.4	The best month for the Tao, as Sarah said, since 1976,
0:32.0	and whether that rally is sustainable or not, especially as the Fed gets set for its
0:36.5	latest meeting over the next couple of days.
0:39.4	Let's ask Adam Parker, he has Trivariate Research, CEO and founder with me here on set.
0:44.0	What a month?
0:45.0	It's good to see you.
0:46.0	Yeah, good to see you.
0:46.2	What happens now?
0:48.5	You know, I think after such a historically bad Q2 and Q3, it's not surprising that you can get a pretty strong
0:55.4	counter-trend rally.
0:57.9	You weren't expecting this kind of a move, were you?
1:00.1	For sure not.
1:01.2	For sure not. I think we did talk about rhetoric maybe was more negative than
	...

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