Closing Bell: Easy Come, Easy Go, Affirm’s CEO On Consumer Spending & Just Do It? 9/29/22

Stocks selling off and giving back most of Wednesday’s 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’s Tony Dwyer has been calling for a market fall in the Fall. He discusses how much more pain the market could be facing. Truist’s 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’s Ed Snyder on whether it’s time to buy Apple which has gotten crushed recently on concerns about iPhone 14 demand. And Barclays’ Adrienne Yih and RBC Capital Markets’ Piral Dadhania debate whether investors should buy shares of beaten down Nike ahead of its earnings report. 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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