Closing Bell

Stocks rallying on Wall Street as the S&P and Nasdaq snapped 3-day losing streaks. Investors looking past a record gain in producer prices just a day after the hottest reading on consumer prices since 1981. Fed Governor Christopher Waller explains why he thinks inflation is peaking and how many more rate hikes it will take to get inflation under control. Mastercard Economics Institute Chief U.S. Economist Michelle Meyer discusses whether rising prices will force consumers to cut back on spending. And airline stocks soaring after Delta’s strong outlook. Jefferies’ Sheila Kahyaoglu unveils her top pick in the airline space. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Exclusive interview with Guggenheim Partners Global Chief Investment Officer Scott Minerd. He explains why he remains bullish in the face of hawkish Fed commentary. Plus, Ark Invest CEO Cathie Wood responds to criticisms made about her funds following Morningstar’s downgrade of the ARK Innovation ETF. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks giving back big early gains extending the losing streaks for the S&P and Nasdaq to 3-days after the highest increase in consumer prices since 1981. National Economic Council Director Brian Deese says inflation is running uncomfortably high and explains why the White House’s plan to allow more ethanol in gasoline will help lower prices at the pump. And Satori Fund Founder Dan Niles explains why retail investors should be in cash right now and why he thinks some traditional technology stocks are attractive. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks closed near the lows of the day. Adam Parker from Trivariate Research says the upcoming earnings season may stabilize the market. Plus, is there an alternative for stocks? Anastasia Amoroso from iCapital makes the case. Walter Isaacson is working on an Elon Musk biography and says it’s not surprising that Musk decided not to join Twitter’s board of directors. And, Michael Santoli’s Last Word is “diversity.” Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The major averages closed near session lows after losing steam throughout the session. Fundstrat’s Tom Lee weighs in on the pullback, and whether he thinks the market has already bottomed. Investors Kyle Bass and Mark Mobius discuss the Chinese market and opportunities abroad. And a former Twitter board member gives his take on Elon Musk’s decision to not join Twitter’s board, and why it’s a “great thing” to have Musk as an investor regardless. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Could rising rates derail the market? Wharton School Professor Jeremy Siegel gives his take. Plus, shares of Robinhood fell more than 6% after a downgrade from Goldman Sachs. Dan Dolev from Mizuho defends his “Buy” rating on the stock. And, Ebrahim Poonawala from BofA Securities names JPMorgan a top idea ahead of next week's earnings report. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Dow closing higher on Friday to notch a 2-day win streak, but the major averages finishing the week in the red. Axonic’s Peter Cecchini and Leuthold Group’s Jim Paulsen debate whether the bull market is still alive despite ongoing Fed fears. Transport stocks having their worst week since October 2020. Evercore ISI’s Jon Chappell weighs in on whether a freight recession is on the horizon and why he prefers the rails over trucking stocks. Renaissance Macro Research’s Jeff Degraaf on how to trade financial stocks ahead of next week’s bank earnings. And Chipotle CEO Brian Niccol on why he sees consumers being a little more discriminate with their spending and whether they will tolerate more price hikes. Plus, he discusses the company’s big push into the metaverse and whether there are plans to start accepting cryptocurrency. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks staged a turnaround and closed just off session highs. Anastasia Amoroso from iCapital says the clock is ticking on a recession and the consumer is going to get caught in the crosshairs. Plus, is the Fed’s attempt to rein in inflation a “high-stakes game of chicken”? Jurrien Timmer from Fidelity Investments weighs in. And, Barclays analyst Karen Short is making a big bet on the consumer and chooses Target as her “Most Valuable Pick.” Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks staging a rally in the final hour of trading to snap a two-day losing streak. Allianz Chief Economic Advisor Mohamed El-Erian weighs in on the recent market volatility and whether stocks or bonds are more attractive right now. Levi Strauss CEO Chip Bergh says the denim maker has more price increases in the works and explains why he sees no signs of a consumer spending slowdown in the U.S. Bank of America Securities’ Wamsi Mohan explains why Warren Buffett’s big new stake in HP isn’t a game changer for the stock. And PIMCO portfolio manager Erin Brown lists the three sectors she thinks will outperform during earnings season. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The FOMC minutes sent stocks lower and major averages posted 2-day losing streaks. Josh Brown from Ritholtz Wealth Management and Tom Lee from Fundstrat Global Advisors discuss how investors should navigate the Fed's next moves. Plus, Nancy Davis from Quadratic Capital Management explains why there could be potential for more volatility ahead. And, Michael Santoli gives his last word - "testing." Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.