Closing Bell Overtime: Why Are So Many CEOs Going To China Lately? And Breaking Down The FOMO Rally 6/16/23
Stocks lost steam through the session, closing lower for the day but notching another positive week. Our Bob Pisani talks the impact of the market rebalancing happening today. Unlimited Funds\u2019 CIO Bob Elliott breaks down the market action. Moor Insights & Strategy\u2019s Patrick Moorhead talks Micron\u2019s bet on China and what it means for investors. Former Morgan Stanley Asia Chairman Stephen Roach talks the latest on China and why so many Western CEOs are visiting the country recently. Bank of America\u2019s Chief Equity Technical Strategist on why he is calling this the FOMO breakout and summer rally. Flexport CEO Dave Clark on his company\u2019s acquisition of Shopify\u2019s logistics business. Morgan talks the AI investments going on right now in defense. Our Brandom Gomez reports on the racial pay gap ahead of the federal Juneteenth holiday.