meta_pixel
Tapesearch Logo
Log in
Closing Bell

Closing Bell: What’s Not to Like? 11/08/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 8 November 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

With an already-strong bull market getting an extra kick from anticipated policy help and loosening Fed policy into a sturdy economy … what’s not to like? NewEdge’s Cameron Dawson, Truist’s Keith Lerner and Pointwealth Capital weigh in on where they see the markets – and your money – headed from here. Plus, Former Fed Governor Mishkin maps out what he is expecting from next week’s CPI print. And, RBC’s Lori Calvasina reveals her post-election playbook.

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to Closing Bell. I'm Mike Santoli in for Scott Wapner.

0:03.0

Live from Post 9 at the New York Stock Exchange, this make-a-break hour begins with the Bulls,

0:08.0

stampeding through landmark levels to polish off the index's best week of the year.

0:12.0

Here's a look at the scorecard with 60 minutes to go in regulation.

0:16.0

Further follow-through to Wednesday's huge post-election balance is taking the Dow industrials. As you see there,

0:21.2

past the 44,000 mark, the S&P 500, above 6,000 for the first time. You see the SB up about half a

0:28.3

percent on the day. A decisive election result and expected growth-friendly policy mix under a second

0:34.1

Trump administration has investors discarding caution, reaching for risk.

0:38.9

The volatility index is now melted to 15 or so from about 22 a week ago, although it is a little

0:45.2

bit steady today, even as the indexes make a new high. Tesla shares are the biggest upside

0:50.3

contributor to the S&P today, given Elon Musk's closeness to President-elect Trump,

0:55.9

the stock up 30% or so on the week, 8, 9% today.

1:00.4

And treasuries are steady a day after the Federal Reserve delivered a quarter point rate cut

1:04.1

with more possibly to come.

1:06.0

The 10-year treasury yield is actually tracking to be down a bit on the week after it had that brief pop to a four-month

1:12.8

high around 445 on Wednesday. It's now 430 or so. It takes us to our talk of the tape with an already

1:19.6

strong bull market getting an extra kick from anticipated policy help and the Fed loosening

1:23.9

policy into a sturdy economy. What's not to like? Let's ask Cameron Dawson, New Edge Wealth Chief Investment Officer.

1:30.3

It's great to see you.

1:31.0

Good to see you.

1:31.9

You know, it's sort of, you line it all up like that.

1:34.7

It looks like green lights.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.