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Closing Bell

Closing Bell: What does rising stocks and falling sentiment tell us about where the markets might be heading? 4/29/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 29 April 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

Dan Greenhaus from Solus Alternative Asset Management, CNBC’s Steve Liesman and Shannon Saccocia of NB Private Wealth discuss what they’re expecting. Plus, Plexo Capital’s Lo Toney is mapping out what he is watching from Amazon and Apple this week. And, top technician Jeff DeGraaf tells us if last week’s choppy trading was just temporary or a sign of more downside ahead.

Transcript

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0:00.0

Welcome to Closing Bell. I'm Scott Wotner live from Post 9 here at the New York Stock Exchange.

0:04.0

This make-up-breakout begins with this resilient market. Stocks higher following the best week since November,

0:09.6

even as cautious comments continue to flood the street today. We'll ask our experts

0:13.8

over this final stretch whether that's warranted or not as another big week is

0:17.6

about to heat up. In the meantime your scorecard with 60 minutes to go and

0:21.2

regulation looks like that's we are green across the

0:23.2

board and it's Goldman and Boeing among the names leading the Dow today.

0:27.0

Apple is too after an influential analyst comes off the sidelines for the first time

0:31.6

in some six years. He upgrades the stock.

0:34.4

Interest rates, they're slipping today, probably helping with those green arrows.

0:38.1

There's your Treasury curve today. It does take us to our talk of the tape.

0:41.8

Rising stocks, falling sentiment.

0:44.7

And what that tells us about where the markets might be heading.

0:47.7

Let's ask Dan Greenhouse of Solis Alternative Asset Management with me here at Post-9.

0:51.6

Welcome back. Thank you, sir. That's interesting to me that we you

0:54.4

know we have this resilient market coming off the best week since November stocks rising again and I feel like

0:59.2

sentiment is slipping, deteriorating is yours? Are you bullish still or? is

1:03.0

your is are you bullish still or less so what's the story?

1:06.7

I think I feel pretty much the same.

1:08.8

We had talked the last couple of

1:14.1

weeks that the market was I hate saying do for a correction because that of course means nothing but it felt like

1:16.8

the internal technical suggested that perhaps we were running at a steam and we did

...

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