Closing Bell: Risk-Reward Improving for Stocks? 5/9/23
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 9 May 2023
⏱️ 43 minutes
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| 0:00.0 | Welcome to closing bell I'm Scott Wapner live from post nine right here at the New York Stock Exchange |
| 0:04.5 | this make-up-break hour begins with the debt ceiling dual the president the speaker |
| 0:08.8 | and other congressional leaders meeting at the White House in less than an hour. |
| 0:13.1 | No resolution yet is in sight. |
| 0:15.7 | Stocks so far, taking the whole mess largely in stride. |
| 0:19.0 | Here's your scorecard with 60 minutes to go in regulation. |
| 0:22.2 | We seem to be waiting on tomorrow morning |
| 0:23.9 | CPR release before making the next move. There's your picture. Dow has been |
| 0:27.7 | down five of the past six days. Investors weighing a series of developments |
| 0:31.2 | around the Fed, regional banks of course, and earnings. |
| 0:34.5 | S&P 500 up a couple days in a row back negative at this hour as is NASDAQ, interest rates. |
| 0:40.3 | Let's take a look at that complex moving a touch higher as well. |
| 0:44.0 | It leads us to our talk of the tape is the risk reward improving for stocks are |
| 0:48.2 | getting worse and what if anything can get us out of this stubborn trading range. |
| 0:53.3 | Let's ask Courtney Garcia of Payne Capital and a CMDC contributor. |
| 0:57.2 | She is here with me at Post Nine. |
| 0:59.8 | Good to see you again. |
| 1:00.5 | I mean, that's like, what? |
| 1:01.6 | Are we ever going to get out of this range? |
| 1:03.0 | That's what we're hoping for right? I mean clearly I think what's happening right |
| 1:06.9 | now with the debt ceiling is not an issue. The markets are really |
| 1:09.7 | barely reacting to that. I think everybody's expecting there's not going to be any |
... |
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