Squawk on the Street SOTS 2nd Hour: Santa Claus Rally: A Boom or Bust? Plus: The Apple Playbook, and 2024’s Rise of the Dupes 12/30/24
Dec 30, 2024
Emily Wilkins, a CNBC reporter known for her insightful updates, discusses the recent passing of former President Jimmy Carter and the upcoming complexities surrounding the Speaker of the House election. The conversation dives into stock performance amidst a potential Santa Claus rally, the challenges faced by Chinese equities, and the impact of rising interest rates. They also explore the burgeoning 'dupe' culture in consumer products, highlighting how social media shapes this trend, while big tech like Apple grapples with market dynamics.
AI Snips
Chapters
Transcript
Episode notes
Market Sell-off
- Stock market sell-off is likely due to sentiment and positioning, not a specific catalyst.
- The market is potentially pulling forward January's profit-taking.
Market Valuation and Diversification
- Current S&P 500 levels are high considering earnings growth.
- Diversification outside of U.S. large-cap tech is advisable for the coming decade.
Investment Advice
- Consider diversifying away from the S&P 500 due to high valuations.
- Explore international markets and alternative investments like the loan market.