Closing Bell: Massive Comeback, Inflation Nation & History Lesson 10/13/22
A dramatic turnaround on Wall Street despite a hotter than expected inflation report. Stocks falling to the lowest level in two years, but rebounding sharply on hopes inflation may soon peak. Former Treasury Secretary Jack Lew discusses whether inflation could soon cool off and how high the Federal Reserve may raise interest rates. Charles Schwab Chief Investment Strategist Liz Ann Sonders on whether investors can trust this massive comeback. Bespoke's Paul Hickey says history shows a market reversal like today's is a bullish short-term indicator. Renaissance Macro Research's Jeff DeGraaf exsplains why he sees some resilience in industrial stocks despite recession fears and the surging dollar. And Dimensional's Mary Phillips says investors should be focusing on profitable companies in this uncertain environment.
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