Closing Bell: Stocks Lose Steam, High Energy & Flexible Living 8/29/22

Stocks staging a big mid-day comeback after opening deep in the red, but the market lost steam into the close. Bespoke's Paul Hickey says it is too soon to call the end of the summer rally, but things could get tricky for investors in September. Canyon Partners Co-Founder Josh Friedman thinks the Fed could oversteer its attempt to fight inflation and that could lead to a long malaise, not a recession, and he reveals where he sees distressed opportunities in this market. Medley Global Advisors' Ben Emons says investors should remain defensive in this rising rate environment. Ariel's Charlie Bobrinskoy says energy stocks still look cheap despite today's rally in oil. He reveals his top energy pick. And Landing CEO Bill Smith discusses the outlook for the flexible living industry and competing with Adam Neumann's new concept called Flow. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.