Closing Bell Overtime: Your Q4 Playbook 9/30/22
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 30 September 2022
⏱️ 44 minutes
🔗️ Recording | iTunes | RSS
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| 0:00.0 | Welcome everybody to overtime. I'm Scott Wapner. You just heard the bells. We're just getting started here from post nine at the New York Stock Exchange on this busy Friday in just a little bit. I'll speak to fun strats Tom Lee as we enter a new quarter for stocks. |
| 0:13.0 | Is he wavering at all on his positive position, |
| 0:16.0 | which some might call the last bull standing? |
| 0:19.0 | At least one of them, with all due respect to Brian Belzky. |
| 0:22.0 | We begin though with our talk of the |
| 0:23.8 | tape what lies ahead over the final three months of the year more pain or a push |
| 0:29.0 | higher as so many remain so incredibly negative on the market. |
| 0:33.2 | Let's ask Solis Alternative Investment Management's Dan Greenhouse. |
| 0:37.0 | He is here with me at post-night. |
| 0:39.1 | It's good to see you. |
| 0:40.3 | An ugly close to an ugly day, an ugly month, an ugly close to an ugly day, an ugly month, an ugly quarter. |
| 0:46.0 | Is this just going to continue into the final three months of the year? |
| 0:49.4 | I mean, listen, you have two competing arguments here to make. |
| 0:51.9 | The first is, yes, the data is worsening. |
| 0:55.3 | We saw that with the Chicago PMI today. |
| 0:57.1 | Obviously, the housing market isn't particularly very strong. |
| 1:00.1 | You have |
| 1:05.0 | downward pressure on risk assets of all stripes. |
| 1:08.0 | On the other hand, you have to balance this against the immovable force that is seasonality. |
| 1:12.0 | I always like to remind clients and... the immovable force that is seasonality. |
| 1:12.5 | I always like to remind clients and investors, |
| 1:16.4 | even the market was even up in December of 2008. |
... |
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