Trading the Final Stretch 12/4/23

Closing Bell

CNBC

News, Business

4.4 • 141 Ratings

🗓️ 4 December 2023

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Where is your money going to work best during this final stretch for stocks? Blackrock’s Rick Rieder gives his forecast. Plus, Dan Greenhaus of Solus Alternative Asset Management and Nicole Webb of Wealth Enhancement group give their reaction to Rieder’s big market predictions. And EMJ’s Eric Jackson explains how he is trading the rally in the crypto space.

Transcript

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0:00.0	Welcome to Closing Bell. I'm Scott Wopner live from Post 9 here at the New York Stock Exchange.
0:04.0	This make-a-break hour begins with the future of the rally and whether a new bull market is just getting going.
0:10.0	Can bonds continue their own remarkable rally of late. We will ask Black Rocks Rick
0:14.8	Reader, he will join us momentarily. In the meantime your scorecard was 60
0:18.9	minutes to go and regulation looks like that. Well tech names they're the biggest drag on the Dow today though
0:24.6	the Dow well it's coming back a little bit but Apple Microsoft Salesforce
0:29.0	all slipping today how about Meta that's driving the NASDAQ lower on word that founder and
0:34.3	CEO Mark Zuckerberg filing to sell stock for the first time in a couple of years.
0:38.6	Bitcoin and gold continuing their own respective runs. And the 10-year note no yield it is up a bit today but check
0:46.0	it out right now for 28 it takes us to our talk of the take the final stretch of the
0:50.9	year and beyond and where your money is going to work best.
0:54.2	Let's ask Rick Reader, he is Black Rock's CIO of global fixed income, also the head of the
0:59.1	global allocation teams.
1:00.8	In other words, he covers it all.
1:02.6	And he's here with me at post nine.
1:03.6	Welcome back.
1:04.6	Thanks. Thanks for having me.
1:05.6	All right, so we're coming off an incredible month.
1:07.5	I mean, Bonds had their best month since the 80s.
1:10.2	Stocks have been ripping.
1:11.6	What's your current view of the markets?
1:13.0	So listen, I mean there are a couple of things that makes sense, a couple of things I think are a little bit of skew.
	...

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