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Closing Bell

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

03 Oct 2023

Description

Stocks tumbled during trading hours today. But the drama continued in Overtime as House Speaker Kevin McCarthy was ousted. Moody’s Analytics Chief Economist Mark Zandi on what it means for credit markets while Strategas’ Dan Clifton breaks down the policy implications. Fundstrat’s Tom Lee and JPMorgan Asset Management’s David Kelly talk the impact on equities. Plus, RBC’s Gerard Cassidy on how to navigate bank stocks in this era of higher rates.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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