Closing Bell Overtime: What Rep. Kevin McCarthys Ouster Means For Markets 10/3/23

Published: Oct. 3, 2023, 9:15 p.m.

b'Stocks tumbled during trading hours today. But the drama continued in Overtime as House Speaker Kevin McCarthy was ousted. Moody\\u2019s Analytics Chief Economist Mark Zandi on what it means for credit markets while Strategas\\u2019 Dan Clifton breaks down the policy implications. Fundstrat\\u2019s Tom Lee and JPMorgan Asset Management\\u2019s David Kelly talk the impact on equities. Plus, RBC\\u2019s Gerard Cassidy on how to navigate bank stocks in this era of higher rates.'