Closing Bell: Dow climbs back from early hole, The bear case for C3.AI, Citis rate hike outlook 2/17/23
Stocks closed well off the worst levels of the day, with the Dow clawing back from a triple digit loss to finish in the green. Citi\u2019s Chief U.S. economist joins with his predictions for the Fed, and why rates could stay higher for longer. Short seller Ben Axler from Spruce Point Capital Management breaks down his new bearish report on C3.AI, which has more than doubled this year amid the hype surrounding artificial intelligence and ChatGPT. CAIS CEO Matt Brown makes the case for a rethink of the classic 60-40 portfolio. Plus the latest on Deere\u2019s pop, DoorDash\u2019s drop, and what to expect from retail earnings next week.