Closing Bell: Dow 2-day win streak, Transports tank, and Chipotle bets on the metaverse 4/8/22
The Dow closing higher on Friday to notch a 2-day win streak, but the major averages finishing the week in the red. Axonic\u2019s Peter Cecchini and Leuthold Group\u2019s 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\u2019s 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\u2019s Jeff Degraaf on how to trade financial stocks ahead of next week\u2019s 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\u2019s big push into the metaverse and whether there are plans to start accepting cryptocurrency.