Closing Bell: The Record Rally’s Risk-Reward 1/23/25

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 23 January 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Can stocks hit a new closing high and surge even higher from her? Solus’ Dan Greenhaus and New York Life Investments’ Lauren Goodwin weigh in. Plus, Goldman Sachs’ Meena Flynn – one of Barron’s 100 Most Influential Women in Finance – maps out her forecast for the market under a second Trump White House. And, top strategist Chris Verrone is flagging signs of life in one of 2024’s beaten down sectors.

Transcript

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0:00.0	Kelly thanks. Welcome to closing bell. I'm Scott Wapner live from Post 9 here at the New York Stock Exchange.
0:05.0	This make-or break hour begins with the risk and reward of this record-setting rally, which is going for yet another milestone today.
0:11.0	An all-time closing high for the S&P, which is well within reach. In fact, we're basically there.
0:16.0	We'll see how this transpires over the final 60. Take a look at the majors as we begin the end of regulation.
0:24.1	Mostly green NASDAQ seeing some give back today after its recent torrid pace here.
0:29.2	Utilities, industrials among the better sectors, we are watching the banks too as President
0:34.2	Trump addresses Davos today and takes a shot at Bank of America, putting CEO Brian Moynihan on the defensive will have the very latest.
0:42.6	It takes us to our talk of the tape, whether stocks can hit a new closing high and surge even higher from here.
0:48.3	Let's ask our experts. Dan Greenhouse, Solace Alternative Asset Management's Chief Strategist.
0:52.7	Lauren Goodwin is Director of Portfolio Strategy at New York Life Investments.
0:56.5	Both are with me at Post 9.
0:58.4	As you see, welcome.
0:59.5	Good to see you both again.
1:00.8	Lauren, how about that?
1:02.0	Is this just yet another stop on this sort of runaway bull market chain?
1:06.7	Look, this has been a Goldilocks setup for the beginning of year in markets.
1:10.7	We have good, strong economic backdrop, including a sledge. Look, this has been a Goldilocks setup for the beginning of year in markets.
1:17.7	We have good, strong economic backdrop, including a slightly more inline inflation report last week,
1:19.2	which has taken yields off the top.
1:20.3	Earnings are good.
1:22.9	There's not a lot of economic data to grapple with this week.
1:26.5	There was really nothing getting in the way of a good market week this week.
	...

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