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Closing Bell

Closing Bell: September Slump Strengthens 9/26/23

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 26 September 2023

⏱️ 46 minutes

🧾️ Download transcript

Summary

Is there still a bull case to be made for stocks in the year’s final stretch? Some suggest, the answer is yes. BNY Mellon’s Alicia Levine and Trivariate’s Adam Parker give their takes. Plus, Capital Wealth Planning’s Kevin Simpson breaks down his 5 star stock strategy amid today’s big drop. And, market expert Mike Santoli breaks down the crucial moments of the trading day – as stocks sink into the close.

Transcript

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0:00.0

Welcome to Closing Bell, a busy one at that. I'm Scott Wabner live from Post 9 here at the New York Stock Exchange.

0:04.6

This make-a-break hour begins with major questions about rates and stocks,

0:08.0

whether one might keep rising while the other keeps falling. That's what's happened over the past month as a rough

0:13.5

September heads towards an end. Here's your scorecard today with 60 minutes to

0:17.5

go in regulation. There's yields. They have turned higher in today's session as

0:21.8

the day has moved on and to no one's

0:24.2

surprise perhaps stocks their weakening. Take a look the Dow and S&P now

0:28.0

pacing for their worst quarters in a year. Seven of 11 S&P sectors now below their 200 day moving averages the

0:34.8

Nasdaq where the biggest pain is today. A several mega cap tech name see

0:39.4

moderate selling will show you the names along with, which is sharply lower as the FTC hits the company

0:45.4

with an antitrust suit. We'll have an update on that in just a little bit.

0:50.0

Alphabet, Apple, Microsoft, they're all lower as well.

0:54.4

Take a look at least 2% declines.

0:56.4

That does take us to our talk of the tape.

0:58.4

Is there still a bull case to be made for stocks in the year's final stretch?

1:02.4

Some suggest, despite all of what we just

1:04.8

said the answer is yes. For more let's bring in Adam Parker he's the founder and

1:09.9

CEO of Trivariate research also a cambecee. B&Y, melons, head of investment strategy, is with us too.

1:17.4

Let's start with you, Alicia.

1:18.4

You're sitting right here.

1:19.4

It's good to see you.

1:20.4

So let's just say that, you know, I was talking to our Mike Santoli came up to me and said,

...

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