Closing Bell: Stocks mostly lower, Regional banks hit hard, Tom Lee on the market 10/20/22

Stocks were mostly lower in Thursday trading in another up-and-down session, with earnings, Fed commentary, rising yields, and the resignation of the UK Prime Minister all weighing on investor decisions. Fundstrat’s Tom Lee joins to break down the headwinds and if he thinks a prolonged rally is possible. Regional banks fell again today, with Fifth Third sinking on results. The CEO joins to discuss the macro factors hitting the space. Tesla shares also plunged on the back of its results. Mizuho’s Vijay Rakesh explains why he cut his price target on the stock. Plus the latest on Ye and Adidas, the strong dollar headwinds, and AT&T’s pop. 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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