Closing Bell: “Tis the Seasonality 11/24/23
Closing Bell
CNBC
4.4 • 141 Ratings
🗓️ 24 November 2023
⏱️ 44 minutes
🧾️ Download 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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