CNBC's "Fast Money" Momentum Magic Rolls On… And A New Year’s Correction? 12/16/24
12 snips
Dec 16, 2024 Bitcoin reaches new heights as MicroStrategy joins the Nasdaq 100, with big predictions for its future. The Nasdaq outshines amidst inflation worries, while major tech stocks show bullish trends. Concern brews over a possible market correction in 2025. Interesting shifts in the healthcare sector highlight investment opportunities despite challenges. Meanwhile, European investors ponder the volatility ahead, with retail stocks attracting attention amidst a mixed market outlook.
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Market Momentum Shift
- MicroStrategy's outperformance relative to Bitcoin could signal a broader market trend or be Bitcoin-specific.
- The Nasdaq's outperformance and Bitcoin's record high suggest a momentum shift.
Tech Valuation Justified
- Mega-cap tech stocks maintain high valuations due to strong earnings growth.
- Value stocks underperform due to weaker earnings.
Capitalize on Momentum
- Take advantage of current market momentum by selling upside calls, especially in MAG-7 stocks.
- Consider selling 3-6 month Google calls to capture potential value from recent inflows.