Bloomberg Daybreak: US Edition S&P Heads for 26% Annual Gain; Trump Announces Panama Ambassador
Dec 26, 2024
Wall Street is back to trading amid a holiday week, and optimism surrounds S&P 500 gains of 26% this year. Political moves include President Trump naming an ambassador to Panama while expressing his concerns about the country. Meanwhile, tensions rise as Israel and Hamas continue to clash during ceasefire talks. The market is navigating global challenges, including trade issues with China and ongoing conflicts abroad, while sports highlights and cybersecurity insights weave through the conversation.
AI Snips
Chapters
Transcript
Episode notes
S&P 500 Outlook 2025
- The S&P 500 is up 26.6% in 2024, and further gains are expected in 2025.
- Lori Calvacina predicts a 6600 price target, a 10% increase, driven by moderating inflation and solid earnings.
Tech Market Outlook
- The NASDAQ has performed exceptionally well, up over 33% this year.
- Dan Ives remains bullish on tech under the Trump administration, citing the AI revolution.
Trump's Panama Policy
- Trump named Kevin Marino Cabrera as ambassador to Panama, criticizing Panama for allegedly exploiting the U.S.
- Trump called for lower Panama Canal fees and warned of potential Chinese influence.