Steve Massocca | Source | Managing Director at Wedbush Securities

Steve Massocca

Managing Director at Wedbush Securities
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  • On Energy: “If oil gets back above $35 a barrel…you’ll start to see American production come back online, and that will serve to dampen any move higher in the commodity price,” for Reuters.

  • The Fed news is baked into the market now. The next big news is earnings.

  • People are taking action prior to the reports out of fear that some of these numbers are going to be bad.

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  • Did we just see a 'Powell bottom?'

    Sylvia Jablonski, Direxion Investments, and Steve Massocca, Wedbush Securities, discuss whether Fed Chair Jerome Powell put a bottom in the market and if this is the start of a Santa Claus rally.

    Video
  • INSTANT VIEW-Wall Street stocks tumble, S&P falls 2 pct

    NEW YORK, Nov 19- U.S. stocks tumbled on Monday, with the S&P 500 and Dow Jones industrial Average shedding about 2 percent and the Nasdaq down more than 3 percent. A slide in Apple's shares to their lowest since July 6 battered the technology sector on concerns about iPhone demand, with mixed signals over the state of play between the United States and China on their...

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  • Why this pro is surprised by 'overly-optimistic reaction' to Fed

    Steve Massocca of Wedbush and Rich Bernstein, CEO and chief investment officer at Bernstein Advisors, join CNBC's "Power Lunch" team breaks down why the market is up after comments from Federal Reserve members.

    Video
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