Closing Bell: Dramatic Comeback, Jobs Jolt & Man of Steel 12/2/22

Stocks staging a big comeback after initially selling off following a stronger than expected November jobs report. Investors fearing the jobs data could force the Fed to be more aggressive with its rate hikes. LinkedIn Chief Economist Karin Kimbrough says the if you look beneath the headlines, the labor market is showing signs of cooling off, but it may not be enough for the Fed to feel comfortable. JPMorgan Asset Management's Jack Manley discusses why he doesn't think the Fed will be able to achieve a soft economic landing, although he is predicting a modest recession. Renaissance Macro's Jeff Degraaf discusses whether the recent market rally is the start of a new bull market or just a bear market bounce. Vital Knowledge Founder Adam Crisafulli says there may not be much room left for the market to rally. Steel stocks have been red hot this year. Nucor CEO Leon Topalian discusses what is driving steel demand and whether that strength can continue. And Tesla finally delivering its first electric semi truck, 5 years after unveiling its prototype. Loup Ventures' Gene Munster explains why he thinks Tesla's offering is putting the rest of the trucking industry on notice. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

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