4.3 • 1.2K Ratings
🗓️ 6 April 2018
⏱️ 23 minutes
🧾️ Download transcript
Click on a timestamp to play from that location
0:00.0 | That's when he starts right now selling hell rages on with two major headwind slamming stocks first trumps |
0:11.9 | trumps trade war with China escalating and second, |
0:14.5 | the newly appointed Fed Chair Jerome Powell saying despite the market volatility in a weak |
0:18.6 | jobs report today, but the Fed is still on track for three rate hikes this year. |
0:22.8 | The Dow dropping nearly 800 points at the lows of the day |
0:26.1 | falling back into a correction territory. |
0:28.1 | So with the Fed in full force and neither Trump or China backing down |
0:31.4 | for potential trade war. |
0:33.0 | The war on tech is raging on. |
0:34.1 | Is there any reason to own tech stocks or stocks in general right now? |
0:37.5 | Guy. |
0:38.5 | Well, the answer is yes, there is. |
0:40.1 | Clearly, we held a level that we needed to hold in terms of the S&P. |
0:43.0 | This 2580 level we bounced off it again. |
0:45.4 | That's the good news. |
0:46.1 | The bad news is we keep testing it. |
0:47.6 | I'm glad you mentioned the Fed because this started, this moved to the downside, |
0:52.0 | the volatility in the market started long |
0:54.1 | before tariffs I heard you talk about it on power lunch today started before |
0:58.4 | tariffs exactly for Amazon before Facebook it started in early February when we had that Friday |
1:03.9 | wage growth number and the market's been basically going down ever since. I |
1:07.5 | believe the feds in play. Fed backs away, creates market volatility. Again, that's |
... |
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 2025.