meta_pixel
Tapesearch Logo
Log in
Closing Bell

Closing Bell: Record Rally Rolling Over? 8/8/25

Closing Bell

CNBC

Business, News

4.8118 Ratings

🗓️ 8 August 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

How much more does this record-setting rally have in the tank? Is it already in the early stages of rolling over? We discuss with Tom Lee from Fundstrat, Payne Capital’s Courtney Garcia and Ali Flynn Phillips from Obermeyer Wealth Partners. Plus, Renaissance Macro’s Jeff DeGraaf tells us why he thinks stocks could feel some pain ahead. And, the White House is reportedly reviewing new contenders for next Federal Reserve Chair. Steve Liesman explains – and Vantage Rock’s Avery Sheffield tells us what it could mean for the market.

Transcript

Click on a timestamp to play from that location

0:00.0

All right, guys, thanks so much. Welcome to closing bell. I'm Scott Wobner, live from Post 9, here at the New York Stock Exchange.

0:06.0

This makeup breakout begins with the S&P on pace for its best week since June.

0:10.0

Even as it appears investors have a more sobering view of stock. So what gives?

0:15.0

We'll ask Fund Strats. Tom Lee, that very question. He'll join me momentarily.

0:19.0

We'll show you the scorecard here with 60 to go in regulation today.

0:23.0

We have been green for most of the day, but still not a ton of conviction around the major averages.

0:27.3

That's been pretty clear lately and pretty consistent.

0:30.3

One bright spot, speaking of consistent, Apple, it's having its best week in five years.

0:36.0

It's up again today by another 4%.

0:38.8

And tech is outperforming Alphabet Tesla Micron among the other solid performers there, which

0:43.7

we will follow into the close today.

0:45.4

It does take us to our talk of the tape.

0:47.0

How much more does this record setting rally have in the tank?

0:50.4

Is it already in the early stages of rolling over?

0:53.5

Let's ask Tom Lee.

0:54.4

He is Fund Stratt's head of research, a CNBC contributor, and he, as you see, is at post-9.

1:00.6

What's up with this market?

1:02.6

We're tired?

1:03.6

Have we run out of gas?

1:05.3

What's the story?

1:07.2

I think the market's consolidating and maybe trying to get direction from what the market does because we did gain 28% from the April lows.

1:15.6

We got to digest that. Now we're in August, like the dog days of August where liquidity is lower.

...

Transcript will be available on the free plan in 9 days. Upgrade to see the full transcript now.

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.