Closing Bell Closing Bell Overtime: Signs of a Growth Slowdown 12/20/24
Dec 20, 2024
Gina Raimondo, the U.S. Secretary of Commerce, offers a unique perspective on the potential fallout from a government shutdown. She discusses how the CHIPS Act could bolster America’s semiconductor industry amid these challenges. The conversation delves into national security concerns related to technology exports to China and public fears about economic uncertainty. Raimondo emphasizes the emotional impact on federal workers and outlines strategies for navigating the financial landscape as the country heads into 2025.
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Investing Strategy for 2025
- Don't try to time the market by selling now.
- Instead, buy during dips and consider defensive sectors like utilities or consumer staples.
2025 Market Correction
- A noticeable growth slowdown is coming in early 2025, causing an S&P correction of at least 10%.
- The market will recover after this correction.
Economic Outlook for 2025
- The U.S. economy must perform perfectly to meet current expectations.
- This dynamic favors bonds and gold over stocks in the short term.