Closing Bell: Easy Come, Easy Go, Affirms CEO On Consumer Spending & Just Do It? 9/29/22
Stocks selling off and giving back most of Wednesday\u2019s big rally on renewed fears the Federal Reserve will continue to aggressively raise interest rates to fight inflation. Rosenberg Research President David Rosenberg says the Fed is trying to cause a recession to cool off red hot inflation. Canaccord Genuity\u2019s Tony Dwyer has been calling for a market fall in the Fall. He discusses how much more pain the market could be facing. Truist\u2019s Keith Lerner explains why he thinks the market is due for a short term bounce. Affirm CEO Max Levchin on whether he sees any signs consumer spending is slowing in this volatile economy and stock market. Charter Equity Research\u2019s Ed Snyder on whether it\u2019s time to buy Apple which has gotten crushed recently on concerns about iPhone 14 demand. And Barclays\u2019 Adrienne Yih and RBC Capital Markets\u2019 Piral Dadhania debate whether investors should buy shares of beaten down Nike ahead of its earnings report.