Closing Bell: Stocks Sink, Jobs Jolt & The High Is Gone 10/7/22
Stocks staging a big sell off to end the week after the unemployment rate fell to 3.5%, raising fears the Federal Reserve will continue to aggressively raise interest rates to fight inflation. Fundstrat's Tom Lee explains why he remains a long term bull despite so many market headwinds. Miller Tabak's Matt Maley says Apple is a key stock to watch in order to determine whether the market will continue selling off. Loup Ventures Founder Gene Munster reveals which tech stocks he will buy if they continue falling. Bank of America Securities' Jill Carey Hall explains why she thinks small caps are too cheap to ignore after underperforming the broader market over the last year. World Bank President David Malpass on the rising fears of a global recession. And pot stocks slumping a day after a big rally on news President Biden was pardoning thousands of people convicted of marijuana possession. Tilray Brands' CEO Irwin Simon discusses what that news means for his company and industry.