Closing Bell: Taking Advantage of Tailwinds? 11/27/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 27 November 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Can the market continue to rotate its way higher and take advantage of those holiday-season tailwinds? Trivariate’s Adam Parker, Requisite Capital’s Bryn Talkington and Ned Davis Research’s Ed Clissold map out their forecasts. Plus Laurie Goodman from Jefferies tells us where she is finding opportunity outside of stocks and bonds. And, top retail analyst Brian Nagel tells us what’s at stake as we kick off a critical stretch for retail stocks.

Transcript

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0:00.0	All right, and Dom, come on down Friday, still doing Family Day.
0:04.3	Welcome to Closing Bell.
0:05.4	I'm Mike Santoli, in for Scott Wapner.
0:07.8	This make-a-break hour starts with the indexes struggling to hold near record levels against
0:12.1	a sharp turn away from tech stocks and other big year-to-date winners.
0:16.1	Here's a look at our scorecard with 60 minutes to go in regulation.
0:19.3	The S&P 500 dipping below the 6,000 level,
0:22.3	modestly, before rebounding a bit right up there to the verge of it, 59, 98, and change.
0:28.2	And NASDAQ 100, feeling the most pressure so far today, you see it down almost 1%.
0:33.8	In large part due to further weakness in semiconductors, there's also nasty earnings
0:38.4	reactions to some results out of software and the PC food chain companies.
0:43.6	Still a solid GDP revision released this morning in as expected inflation readings.
0:48.8	Keep the upbeat economic story of a soft landing intact that the Russell 2000 outperforms once again a little better than
0:55.5	flat on the day. And bond yields have resumed their retreat and they will be down solidly for the
1:01.0	week. You see the 10-year just about 4 and a quarter. That takes us to our talk of the tape.
1:05.9	Can the market continue to rotate its way higher away from danger and take advantage of those
1:10.7	holiday season tailwinds? 11 months through a year that investors should be. continue to rotate its way higher, away from danger, and take advantage of those holiday
1:11.1	season tailwinds.
1:12.5	11 months through a year that investors should be very thankful for.
1:16.2	Let's ask Adam, research founder and the CNBC contributor.
1:20.2	Adam, good to see you.
1:20.8	Yeah, great to be here, Mike.
	...

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