Closing Bell: Winning Streak Snapped, Cryptos Crushed & Bed Bath & Beyond Gets Burned 8/19/22

Stocks sliding on Wall Street as the S&P 500 snaps a 4-week winning streak. BTIG Chief Market Technician Jonathan Krinsky explains why he sees big headwinds for stocks on the horizon, but reveals the one sector he thinks is attractive right now. Ally's Lindsey Bell thinks the market will remain volatile for a while, but it is too soon to say whether the summer rally is over. Mizuho's Dan Dolev on the sell off in bitcoin and why he sees significant downside to shares of crypto exchange Coinbase. Shares of Bed, Bath & Beyond plunging after investor Ryan Cohn sold his entire stake in the retailer. Former SEC Chair Harvey Pitt discusses whether regulators should look into the timing behind that sale. And Sunpower CEO Peter Faricy discusses how the Inflation Reduction Act could be a huge boon for the solar industry. 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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