Closing Bell: The Broadening Bounce 12/18/23
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 18 December 2023
⏱️ 44 minutes
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| 0:00.0 | All right, guys, thanks so much. Welcome to Closing Bell. I'm Scott Wautner, live from Post 9 here at the New York Stock Exchange. |
| 0:06.0 | This make or break hour begins with how to play the rally in stocks. A question no longer about whether stocks can continue to rise but how to maximize this |
| 0:14.3 | incredible move in your favor especially if a sizable rotation is just |
| 0:18.9 | getting started. We will ask our experts that question over this final stretch in the meantime. |
| 0:24.3 | Take a look at the scorecard with 60 minutes to go in regulation. Stocks having a pretty good day |
| 0:28.5 | trying to build on that seven straight weeks of gains. Alphabet, Amazon Meta, they're leading tech hire today. |
| 0:35.0 | That's why the S&P is doing quite well. |
| 0:36.7 | Interest rates, they're holding steady, the 10 years still under 4%. |
| 0:40.6 | It does take us to our talk of the tape, the broadening bounce, and how so many lagging sectors |
| 0:45.1 | have ripped over the past six weeks, from banks to materials to industrial and so much more. |
| 0:51.0 | Is the better breath just beginning? That's the key question. |
| 0:53.5 | Let's ask Adam Parker, founder and CEO of Trivariate research, a C and B. |
| 0:57.5 | Contributor. He's here at Post 9. Welcome back. |
| 1:00.0 | Thanks. Good to see you. Let's take stock of where we're at because we come a long way over the last |
| 1:04.4 | visits that we've had, you know, over the last six weeks or so. What's the message of all this do you think to you now? |
| 1:11.1 | To get that broadening rail you're teed up, I think you need to believe profit margins can expand for the average company. |
| 1:17.0 | That's what you need to believe. |
| 1:19.0 | Most of our work has been focused on gross margins, you know, the costs around materials, |
| 1:24.1 | depreciation, labor, pricing, mix, all those things. |
| 1:27.0 | Can companies profit margins can expand? |
| 1:28.6 | Can they? |
| 1:29.5 | I think they've troft here at the, you know know in the last after being recently |
... |
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