Wild Ride, Crypto Crash & Cloudy Days Ahead? 11/8/22

Wall Street taking investors on a wild ride. The Dow had been up 500 points amid investor optimism over the midterm elections, but gave back some of those gains following a crash in cryptocurrencies. Crypto exchange Binance rocking the crypto world by announcing plans to buy rival FTX's non-U.S. business. Mizuho's Dan Dolev discusses why that could be very bad news for Coinbase. Morgan Stanley Chief U.S. Equity Strategist Mike Wilson says the market could get a post-midterm election pop, but thinks that rally will likely be unsustainable. Find out what it will take for the bear market to end. iCapital Chief Investment Strategist Anastasia Amoroso sees rising odds of a year-end rally, but is concerned recession risks are not fully priced into the market. Sunpower CEO Peter Faricy discusses his company's strong earnings and whether a potential Republican win in the midterms could signal cloudy days ahead for solar stocks. And Kimberly Clark CEO Michael Hsu on how the consumer products company is handling rising inflation and its impact on consumers. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.