Closing Bell Overtime: Mixed Market, Crypto Recovery Fund & Shopping For Retailers 11/25/22
It was a mixed day on Wall Street. The Dow rallying more than 150 points while the S&P 500 and Nasdaq ending in the red, although all three major averages were higher for the week. Solus Alternative Asset Management's Dan Greenhaus says he is still bearish on the market because he thinks the Fed's rate hikes will have a more negative impact on the economy than many investors are expecting. Crossmark Global's Victoria Fernandez says she is buying on market weakness and reveals where she sees opportunities. SVB Private Chief Investment Officer Shannon Saccocia discusses the two sectors she thinks could be ready to break out. Quadratic Capital Management's Nancy Davis on why the market's inflation expectations may be overly optimistic. Neuberger Berman's John San Marco reveals the top retail stocks on his Black Friday shopping list. And Fundstrat Global Advisors' Tom Lee reacts to Binance's new crypto recovery fund and why he still recommends investors buy cryptocurrencies despite FTX's collapse.
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