Halftime Report 6,100 in Sight for the S&P 12/9/24
Dec 9, 2024
Anastasia Amoroso, a market trend expert, Steve Weiss, a savvy investment strategist, and Jim Labenthal, known for his financial acumen, dive into the ambitious journey of the S&P 500 toward 6,100 points. They discuss the positive market momentum and the potential risks looming from global issues. The team also highlights Reddit's impressive stock growth following its new AI tool and explores the investment prospects in the booming Bitcoin ETF market. It's a lively discussion filled with insights for investors looking to navigate these dynamic times!
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S&P 500 Target
- Oppenheimer sets a new street-high target of 7,100 for the S&P 500 for 2025.
- While some are optimistic due to a strong economy and slowing inflation, others express concern over potential market risks.
Market Risks
- Jim Lebenthal acknowledges a general ignorance of potential risks in the current market.
- He points to China's retaliation to Trump's proposed tariffs, specifically cutting back on rare earth minerals, as a potential disruptor.
Market Outlook
- While short-term market sentiment remains positive, exercise caution in the first quarter of 2025.
- Focus on potential policy changes and inflation, particularly the upcoming CPI report.