Closing Bell: Rally on the Ropes? 4/21/23
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 21 April 2023
⏱️ 43 minutes
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| 0:00.0 | Kelly, thanks so much. Welcome to Closing Bell on this Friday. I'm Scott |
| 0:03.8 | Wopner live from Post Nine right here at the New York Stock Exchange. |
| 0:06.9 | This make-a-break hour begins with the look ahead to the biggest and most |
| 0:10.6 | important week of earning season yet. |
| 0:13.0 | Microsoft and Meta-Amazon Alphabet all reporting the stocks on a big run this year. |
| 0:18.5 | The bar is high. |
| 0:19.5 | Here is your scorecard with 60 minutes to go with regulation. Stocks are pacing for their worst |
| 0:23.6 | weekend more than a month. Questions about the economy remain front and center. |
| 0:28.4 | Brings us to our talk to the tape. Is the rally on the ropes or not and will the biggest names in the market save it or sink it? |
| 0:35.0 | Let's ask Lauren Goodwin of New York Life Investment Management here with me at post 9. |
| 0:40.0 | Welcome back. It has been a resilient market, right right I mean any dip of late has has been bought |
| 0:46.2 | are we running out of gas I mean how do you see it heading into what's a huge week |
| 0:50.8 | next week? It is a huge week next week. |
| 0:53.1 | It is so uncomfortable for investors to sit and stew in this no man's land of uncertainty, mixed data, and no good answers. |
| 1:05.0 | But there are two things actually that I'm looking at next week |
| 1:09.0 | in terms of where the market might be going next, |
| 1:11.0 | and specifically the equity market. |
| 1:12.0 | One of them is actually |
| 1:13.2 | the employment data on Friday, employment cost index, which I think is really important for this |
| 1:18.6 | tug of war we're seeing about the Fed. And then of course you mentioned tech earnings specifically revenues |
| 1:24.9 | because the market breadth in this upturn has been so focused on these big tech |
| 1:30.0 | names I think it gives us a huge indication of whether we'll see up or down in the week after. |
... |
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