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Closing Bell

Closing Bell: “Tis the Seasonality 11/24/23

Closing Bell

CNBC

Business, News

4.4141 Ratings

🗓️ 24 November 2023

⏱️ 44 minutes

🧾️ Download transcript

Summary

Does the risk-on sentiment of November bode well for the duration of the holidays, given seasonal forces? Or is there too much optimism at play that leaves the market vulnerable to even the tiniest bit of disappointment? Dan Greenhaus of Solus gives his forecast. Plus, top retail analyst Simeon Siegel breaks down which stocks he thinks will be winners this holiday season. And, Fundstrat’s Tom Lee is still betting on a year end rally. He explains why.

Transcript

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0:00.0

Better than school indeed. Welcome to closing bell. I'm Leslie Picker in for

0:05.8

Scott Wopner. The final hour of trade incomes early today with a shortened day

0:10.2

due to the Thanksgiving holiday. the major indexes are mixed today but

0:14.0

poised to eke out a fourth straight week of games.

0:17.0

Meals in the green across the curve with two more hours to go in bond market trading

0:20.4

we're focused on retail with Black Friday shopping underway and a slowdown

0:24.4

in sales growth expected. And video also on the move after a reported delay in

0:28.8

special AI chip for Chinese customers and a new B of a report showing equities capturing

0:34.6

$40 billion in the last two weeks the biggest hall in about 10 months which brings

0:39.8

us to our talk of the tape today. Does the risk on sentiment of November

0:43.8

bode well for the duration of the holidays given seasonal forces or is there too

0:48.3

much optimism at play that leaves the market vulnerable to even the

0:51.5

tiniest bit of disappointment.

0:53.8

For that, let's ask Dan Greenhouse of Solis Alternative Asset Management.

0:57.2

Dan, thanks for being here.

0:58.2

And happy Thanksgiving.

0:59.5

Same to you.

1:00.7

So does this risk on sentiment have staying power?

1:03.0

Are you expecting to see the seasonal forces, the traditional seasonal forces play out?

1:07.0

Yeah, listen, I think so.

1:09.0

It's been a really strong rally off the October 27th low call it 10 plus percent in just a couple

1:14.8

of weeks.

...

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