Closing Bell: Positioning Your 2024 Portfolio 01/03/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 3 January 2024
⏱️ 43 minutes
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| 0:00.0 | Welcome to Closing Bell, I'm Scott Wopner Live from Post 9 here at the New York Stock Exchange. |
| 0:03.6 | Just make a break hour begins with buying the dip and tech because it's happening as we speak. |
| 0:08.5 | And we're going to ask our experts over this final stretch if now is the time to step in to some of those stocks or whether you |
| 0:14.0 | should wait a little bit more. In the meantime here's your scorecard with |
| 0:17.2 | 60 minutes to go in regulation. NASDAQ is still lower. I do want to show you |
| 0:21.5 | intraday charts though both Microsoft and Alphabet because they |
| 0:25.1 | started to see some buying around noon and we're going to watch both of those |
| 0:28.4 | closely here on out. There they are in the green. I also see Meta was toe in the line too. So we're going to |
| 0:34.0 | watch all of those over the final stretch. Elsewhere, stocks mostly lower, energy |
| 0:39.0 | health care, a couple of bright spots and an otherwise red day for equities. |
| 0:42.5 | We are watching interest rates too. |
| 0:44.4 | The 10 year hit 4% much earlier today |
| 0:46.8 | then slipped back down after some economic data came in a little light. |
| 0:50.4 | It was just about an hour ago as well |
| 0:52.2 | when the Fed minutes showed most members agreed a lower target range would be appropriate this year |
| 0:56.8 | Still obviously a good amount of uncertainty around that in other words the debate over rate cuts continues for another day another week and probably for many months. It does take us to our talk of the tape |
| 1:07.6 | How to Play the Markets right now is the Santa Claus rally ends and investors position for whatever a new year might bring. |
| 1:15.0 | Let's ask Josh Brown, CEO and co-founder of Riddholz Wealth Management. |
| 1:18.8 | He is with me here at post nine. |
| 1:21.0 | All right, so two days of red in a a row I said we had some buying of mega |
| 1:24.4 | caps you ought to believe at some point investors are going to look at |
| 1:27.8 | declines in those stocks and say enough's enough enough is enough |
... |
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