Closing Bell Overtime: Post-Powell Sell-Off 11/2/22
Fed Chair Powell says the tightening campaign still has “a ways to go” even if the pace of rate hikes slows. Stocks fell and yields jumped as investors back away from bets on an eventual fed pivot. Ritholtz Wealth Management’s Josh Brown and Schwab’s Liz Ann Sonders give their takes. Plus, Qualcomm shareholder Jason Snipe reacts to that company’s quarterly report. And – the headliner of the hour – DoubleLine’s Jeffrey Gundlach gives his first reaction to the Fed, Powell’s press conference and the market’s big turn lower.
November 2, 202244m 38s
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Show Notes
Fed Chair Powell says the tightening campaign still has “a ways to go” even if the pace of rate hikes slows. Stocks fell and yields jumped as investors back away from bets on an eventual fed pivot. Ritholtz Wealth Management’s Josh Brown and Schwab’s Liz Ann Sonders give their takes. Plus, Qualcomm shareholder Jason Snipe reacts to that company’s quarterly report. And – the headliner of the hour – DoubleLine’s Jeffrey Gundlach gives his first reaction to the Fed, Powell’s press conference and the market’s big turn lower. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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