Closing Bell: Rep. Waters on FTX collapse, Top strategist turns bearish, Holiday shopping outlook 11/17/22

Stocks pulled back a bit in Thursday trading as investors digested a wave of Fed commentary, and as Treasury yields moved higher. Eric Johnston from Cantor Fitzgerald makes the bear case for equities, saying he says very little upside to being long stocks right now. The collapse of FTX remained in focus as pressure builds on Sam Bankman-Fried. House Financial Services Committee chair Maxine Waters discusses her call for a hearing into the company and its former CEO. Plus, the head of the National Retail Federation shares his holiday sales outlook, and the latest on the housing market and Taylor Swift ticket drama. 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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