Closing Bell: The Bull Case for Meta 5/7/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 7 May 2024
⏱️ 43 minutes
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| 0:00.0 | Welcome to Closing Bell, I'm Scott Wobner live from Post 9 here at the New York Stock Exchange. |
| 0:03.6 | This make-a-break hour begins with the rally. |
| 0:05.9 | Stocks going for their fourth consecutive day of gains now, been a quick move back from the |
| 0:09.8 | April bottom, which some suggest is a sign there could be more to go here. |
| 0:14.2 | We'll ask for experts over this final stretch, whether they agree with that or not. |
| 0:17.4 | In the meantime, your scorecard was 60 minutes to go and regulation looks like that. |
| 0:21.8 | Been green for most of the day, |
| 0:23.2 | though, been leaking a little bit |
| 0:24.8 | over the last 30 minutes or so. |
| 0:26.6 | You see Nasdaq's now, red S&P barely holding on. |
| 0:29.8 | Bonnials are mostly lower today. |
| 0:31.2 | That's been a big story of late. It certainly has helped the |
| 0:36.8 | tech trade overall and it has taken the pressure off the overall market. It does take us |
| 0:41.4 | to our talk of the tape, the great bounceback for stocks, and whether it is in fact sustainable. |
| 0:47.0 | Let's ask Adam Parker, he's the CEO and founder of Trivariate Research with me here at Post 9. |
| 0:52.0 | Good to see you again again I get the feeling from |
| 0:54.2 | reading your notes of late that you're not so sure this is sustainable and you're |
| 0:57.6 | maybe a little more cautious than you've been in a few months is that fair yeah |
| 1:01.8 | we talked I think last week on halftime, you know, I think |
| 1:04.9 | the conditions are still the same. I see about equal chance for it 10% up versus 10% down |
| 1:09.7 | from here and it makes me a little less confident because I think the data are mixed. |
| 1:16.0 | I think if you really look at it for every good thing I get I get a slight |
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