Tech Bulls Rule in Q1, Inflation Watch, Sen. Elizabeth Warren @ Post 9 3/31/23
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 31 March 2023
⏱️ 45 minutes
🧾️ Download transcript
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| 0:00.0 | It's Jim Kramer here. You're listening to the opening bell of CBC Squawk on the Street. |
| 0:04.7 | Don't miss a minute of the action. |
| 0:07.7 | Good Friday morning. Welcome to Squawk on the Street. I'm Carl Kinteneo with Jim Kramer at Post 9 of the New York Stock Exchange. |
| 0:13.1 | David Faber is the morning off. |
| 0:14.7 | Wrapping up Q1 today, NASDAQ 100's best March quarter in over a decade. |
| 0:19.5 | Future is getting a bump here from some lower than |
| 0:21.3 | expected inflation data, both in Europe and here at home, Fed bank lending stabilizing as well. |
| 0:27.1 | Our roadmap begins with stocks closing out the month and the quarter. Tech's on pace for the |
| 0:30.8 | best quarter since 2020. This key Fed inflation gauge rising less than expected in February. |
| 0:36.1 | We're going to walk you through PCE. |
| 0:38.1 | And Senator Warren's with us, joining us live here in just a few moments. We'll talk some banks, |
| 0:42.6 | crypto, and the Fed. Let's begin, though, with the markets going into this final trading day |
| 0:48.1 | of the quarter in the month. I was just thinking about just the journey we've been on in the last 90 |
| 0:52.8 | days, Jim. We've been all over the map. |
| 0:55.0 | We went from being an economy that was way too hot, |
| 0:58.4 | to be an economy that we thought was in crisis |
| 1:00.6 | because it's way too cold and deflationary, |
| 1:02.8 | back into thinking that perhaps if no more banks are done, |
| 1:05.3 | that we have to start worrying about inflation again, |
| 1:07.4 | to where we got some numbers that were a little bit softer, |
| 1:09.3 | but not so much soft that maybe J-PAL doesn't have to go to work, maybe another hike. But I think this was the quarter |
| 1:14.6 | that repudiated the yield curve. I've been investing for 40 years, and the periods where the |
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