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Closing Bell

Closing Bell: What’s Next for Your Money? 2/21/23

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 21 February 2023

⏱️ 47 minutes

🧾️ Download transcript

Summary

Stocks had an ugly day – with investors weighing some serious money risks. Trivariate’s Adam Parker gives his forecast for stocks. Plus, star investor Keith Meister breaks down his market strategy – and where he’s making some big bets. And, BTIG’s Jonathan Krinsky is drilling down on the key levels every investor needs to be watching. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

All right, Kelly, thank you so much. Welcome to Closing Bell. I'm Scott Wobner. This make or break hour begins with some serious questions about stocks and whether the rally to start the year is in the process of reversing and in a big way. We're gonna ask super investor, Keith Meister,

0:14.1

that very question, when he joins me in just a little bit

0:17.0

right here at Post-9 for an exclusive interview.

0:20.0

We're also gonna set you up

0:21.1

for coin-based and Palo Alto earnings in overtime, two stocks that have run a lot to start the year.

0:26.2

We're going to see what they deliver.

0:27.6

We do begin though with our talk of the tape.

0:29.6

Today's weakness, what it means for your money in the days ahead and let's ask

0:33.6

Adam Parker he's the founder and CEO of Trivariate research also a

0:36.9

cambic contributor and he is here with me at post nine welcome to the new

0:41.3

program it's great to have you here.

0:42.6

Thanks for having me.

0:43.3

What is up with the market? We're cruising for our worst day of the year. It felt like the Bulls had

0:48.1

the upper hand for the last several weeks. Are they given that up now? Well, you know, I worry a little bit the consensus has shifted.

0:55.0

You know, we started off the year with the overwhelming consensus being, hey, we're going to be down in the first half of the year,

1:01.0

up in the second half.

1:02.0

I can't own anything that loses money. on the first half of the year, up in the second half.

1:02.8

I can't own anything that loses money.

1:04.6

So naturally, market goes higher than the things

1:06.9

that lose money go up the most.

1:08.6

But I think right around now,

1:10.6

I think the sentiment has shifted to her,

...

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