Some Bears Won’t Buckle 12/19/23

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 19 December 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Some bears won’t buckle even as sentiment continues to improve – including Cantor’s Eric Johnston. He explains why he is sticking to his case. Plus, Rich Saperstein of Treasury Partners – one of Barron’s top 100 financial advisors of 2023 – is breaking out his market playbook for the new year. And, solar stocks soared in today’s session. Pippa Stevens breaks down what is behind that bounce.

Transcript

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0:00.0	Kelly, thanks so much. Welcome to Closing Bell. I'm Scott Wabder live from
0:03.9	Post Nine here at the New York Stock Exchange. This make-a-break hour
0:06.8	begins with the bull run in stocks, a seven-week surge that's now carried
0:10.5	the Dow to another record high. The S&P within striking distance of its own
0:14.5	milestone.
0:15.5	So how long can this incredible rally last?
0:18.0	We will ask our experts over this final stretch, including a bear who doesn't seem ready to break.
0:23.0	In the meantime, your scorecard with 60 minutes to go in regulation looks like this.
0:28.0	Goldman Caterpillar Boeing, they are leading the industrial's higher today.
0:31.0	Nice gains across the board.
0:32.0	Take a look at the Russell 2000
0:33.6	soaring 12% over the past month as small caps continue to roar back lower
0:39.3	interest rates a big part of the story yet again.
0:43.4	All of it takes us to our talk of the tape.
0:45.6	Why some bears won't buckle, even as sentiment continues to improve.
0:50.0	The economy remains resilient.
0:51.6	Inflation keeps falling and cash pours into stocks.
0:54.9	Let's welcome in Canters Eric Johnston.
0:56.6	He is head of equity derivatives and cross asset here at post nine.
1:02.2	Welcome back.
1:03.3	I have to say, I'm really glad you're here
1:07.0	because I know you know what kinds of questions
	...

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