Closing Bell: Time to Play Offense? 6/29/23

Closing Bell

CNBC

Business, News

4.4 • 139 Ratings

🗓️ 29 June 2023

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

We are in the final stretch of the first half… so is it time for more offense in your portfolio? Requisite Capital’s Bryn Talkington gives her forecast. Plus, Inflection AI secured $1.3 billion in a new round of funding led by Microsoft and brand new investor Nvidia. The company’s CEO and co-founder Mustafa Suleyman breaks down the latest. And, Schwab’s Omar Aguilar is breaking out his second half playbook. He explains where he sees opportunity in the market right now.

Transcript

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0:00.0	Welcome to Closing Bell.
0:01.0	I'm Scott Wotner.
0:02.0	This make a break hour begins with the market's momentum and why some say it is just getting
0:05.8	started as June comes to a close.
0:08.4	Brin Talkington weighing in on that in just a moment as she sets us up for the second half of the year. In the meantime,
0:13.7	your scorecard with 60 minutes to go in regulation. The major average is looking to
0:17.6	keep a really strong month of gains going. Dow and S&P higher throughout. In
0:21.5	fact, it's the S&P's best month since January, the Dow's
0:25.7	bent since November, the NASDAQ working on its best first half of the year since
0:29.8	83, led of course by NVIDIA Tesla Apple which hit another all-time high today closing in once again
0:36.8	on three trillion dollars in market cap we're gonna see if it can get there and then if it can
0:41.4	close above it needs to close above it for the first time ever.
0:45.9	We'll see if it can get there.
0:47.3	Takes us to our talk of the tape, final stretch of the first half, whether it is time for
0:50.3	more offense in your portfolio in tech or elsewhere.
0:54.0	Let's ask Brent Talkington here with me at post nights.
0:56.6	Good to see you.
0:58.2	So what's the story going to be for the second half?
1:00.5	We've got a couple days left in the first.
1:02.3	Let's game it out.
1:03.0	I think there's going to be two parts of the second half.
1:05.0	I think first of all, we're definitely seeing a catch-up trade in the cyclicals that had been ignored.
	...

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