Closing Bell: What’s the Best Move for Your Money? 4/11/23

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 11 April 2023

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Should investors take advantage of this early year rally and sell some winners or hang on for another leg higher – if one should come? Liz Young of Sofi and John Mowrey of NFJ give their takes. Plus, top technician Jason Hunter of JP Morgan is charting the rally. Why he thinks more pain could be ahead. And, Alger’s Ankur Crawford breaks down the under-the-radar growth names she is betting on.

Transcript

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0:00.0	Kelly,
0:02.2	thank so much. Welcome to Closing Bell Up. Scott Wotner, live from Post Nine, right here at the New York Stock Exchange.
0:06.4	This make-a-break hour begins where all roads end.
0:09.0	Tomorrow morning's critical CPR report, the latest read on inflation.
0:13.0	Top technicians already gaming out the reaction in markets.
0:16.0	You will hear from one in just a little bit,
0:18.0	who lays out where stocks might go,
0:20.0	no matter what the print is.
0:22.0	In the morning, here's your scorecard with 60
0:23.9	minutes to go in regulation and a nice session working here towards the close
0:27.8	cyclical stocks like energy and industrials are leading us higher as
0:31.3	Treasury Secretary Janet Yellen suggests the
0:33.7	economy might just avoid a big downturn. Tech is the weakest of the S&P sectors
0:38.6	today that's leading Nasdaq lower, certainly not as low as it was earlier it's trying to work its way
0:44.2	back as well yields they're up a touch as well ahead of tomorrow morning that takes
0:49.7	us to our talk of the tape whether your best move right now is to take advantage of
0:53.6	this early year rally and sell some winners or hang on for another leg higher
0:57.7	should one come let's ask John Maori chief investment officer from
1:01.6	NFJ group he's here with me at Post-Nights.
1:04.3	It's good to see you again.
1:05.3	Welcome back.
1:06.3	Thanks, Scott, for having me back. A lot of people are still bearish.
	...

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