Closing Bell: Stocks Rally, Mario Gabelli's Top Picks & Hopes For Housing 11/22/22

Stocks soar following a batch of strong retail earnings and expectations the Federal Reserve will slow its pace of interest rate hikes. Goldman Sachs Chief Economist Jan Hatzius on why he thinks the Fed will be able to achieve a soft landing and avoid an economic recession. Famed investor Mario Gabelli discusses the market rally, his top picks, Disney's CEO shakeup and why he is betting on baseball. Abercrombie & Fitch shares soaring after reporting strong earnings. CEO Fran Horowitz discusses the state of the consumer and how the company has been able to avoid inventory issues that many other retailers are struggling with. And JPMorgan's Michael Rehaut explains why he is turning more bullish on homebuilder stocks despite so many headwinds hitting the housing market. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.