Closing Bell: The Broadening Bull Run 6/20/23
Closing Bell
CNBC
4.4 • 140 Ratings
🗓️ 20 June 2023
⏱️ 43 minutes
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| 0:00.0 | Welcome to Closing Bell. I'm Scott Wopner. This make a break hour begins with the summer |
| 0:03.8 | playbook for stocks and whether the Bulls can keep up this new found momentum. |
| 0:08.0 | Schwabs, Liz Ann Saunders, answering that key question in just a moment. |
| 0:12.4 | First though, your scorecard with 60 |
| 0:14.0 | minutes to go in regulation stocks have been read for most of the day. We are keeping an |
| 0:18.1 | eye though on Apple closing in on three trillion dollars in market cap. |
| 0:22.6 | It's been just about five bucks away |
| 0:24.3 | for much of the session. |
| 0:25.3 | There it is. |
| 0:26.7 | 185.52 shows just how tech crazy this market has |
| 0:31.0 | been since the beginning of the year. That stock is up |
| 0:33.8 | 42% year to date. It takes us to our talk to the tape. The broadening bull run |
| 0:38.2 | as cyclical sectors like industrial, materials, and small caps are posting a pretty good month. |
| 0:43.8 | Is that a sign of even brighter things to come for your money? |
| 0:47.0 | Let's ask Liz Ann Saunders of Schwab, she's with us now. |
| 0:50.2 | It's good to see you again. |
| 0:52.2 | Judging from your notes, you still don't seem to be fully sold on this market. |
| 0:57.0 | Well, I think the breath widening out is a pleasant development. |
| 1:01.0 | It may just be short-lived enough that we can't assume it's a trend but |
| 1:05.7 | it's one of the key things that I'm watching and again we've seen it a little bit |
| 1:10.9 | in terms of percentage of stocks within these various |
| 1:13.8 | indexes trading either at 52 week highs or shorter moving average but it's still |
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