CNBC's "Fast Money" Countdown To November Jobs Report… And Bitcoin Breaks Above $100,000 12/5/24
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Dec 5, 2024 Attention turns to the upcoming November jobs report as stocks pause their rally. Bitcoin captures the spotlight, finally breaking the $100,000 barrier, stirring excitement among retail investors. Amid market insights, the conversation navigates the performance of various sectors, including the resilience of Lululemon. Meanwhile, Waymo's expansion into Miami raises questions about the future of ride-hailing companies. Finally, advancements in obesity treatments highlight new opportunities within the healthcare market.
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Market Sentiment vs. Consumer Debt
- The market wants to go higher, but consider consumer delinquency rates and credit card debt.
- These factors tell a story the market may be ignoring, despite consumer spending habits.
10-Year Yield Reality
- The 10-year yield never closed weekly above 5% in Q4 2022, despite "higher for longer" talks.
- The current cost of 10-year money at 4.17% isn't actually "higher."
ZepBound vs. Wegovy
- Eli Lilly's ZepBound shows significant weight loss advantage over Novo Nordisk's Wegovy.
- Tolerability data will be presented, but early indications suggest it's comparable to other trials.