Wild Market Swing, Inflation Cooling & Former Madoff Attorney On Sam Bankman-Fried 12/13/22
The Dow giving up a 700-point gain at the open despite new signs inflation is cooling. Investors now awaiting tomorrow's Federal Reserve's decision on interest rates. Neuberger Berman's Holly Newman Kroft thinks the market is getting ahead of itself on inflation and says investors should be selling into any rallies right now. Bank of America Head of U.S. Rate Strategy Mark Cabana explains why the bond market is sending signals that the economy may be heading for a soft landing and how that could impact the Fed's rate hike strategy. Jefferies' Michael Yee on whether investors should be buying shares of Moderna following optimistic data for its experimental skin cancer vaccine. And Mintz & Gold Partner Ira Lee Sorkin, who represented Bernie Madoff in his fraud trial, reacts to the government's charges against FTX Founder Sam Bankman-Fried and explains why he thinks there will be more indictments in this case.
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