CNBC's "Fast Money" Stocks Notch Best Week Of 2024… Plus White House Cracks Down On China Trade 9/13/24
Sep 13, 2024
The stock market rebounds, marking its best week of 2024, just ahead of a crucial Fed decision. Tensions rise as the White House targets Chinese discount retailers, impacting U.S.-China trade relations. Uber expands its partnership with Waymo to enhance its robo-taxi services, challenging competitors like Lyft. Gold prices soar, and its resilience shines during market volatility. Insights into the biotech sector reveal promising advancements, with a focus on Summit Therapeutics and its rivalry in oncology.
AI Snips
Chapters
Transcript
Episode notes
Market Rebound
- The market rebounded significantly, with Nasdaq's best week since November.
- This positive shift follows the worst week of 2024, suggesting changing market sentiment.
Broad Market Participation
- Market breadth improved with small caps and equal weight S&P outperforming.
- This suggests increasing confidence in a potential 50 basis point Fed cut.
Defensive Rotation
- Large-cap, non-growth consumer staples stocks saw significant gains.
- This indicates a defensive rotation by investors amidst market uncertainty.