This Morning With Gordon Deal
This Morning with Gordon Deal December 25, 2024
Dec 25, 2024
Discover the fastest airport security line that could save you time before your flight. Explore the best credit cards for grocery shopping to help manage holiday cravings and costs efficiently. Dive into the heartwarming tale of a man who transforms his street into a Christmas wonderland for his wife with dementia. Plus, learn about the impact of political changes on the stock market and the challenges facing the pharmacy industry amid rising competition.
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Quick takeaways
- The stock market's significant gains since Trump's election are tempered by concerns over high valuations and potential fiscal policy disappointments.
- Pharmacy chains like Walgreens and CVS face declining profitability due to competition and are at risk of creating pharmacy deserts in communities.
Deep dives
Market Outlook Post-Trump Election
The stock market has experienced significant gains since Donald Trump's election, with the S&P 500 nearing 6,100, compared to around 5,000 just before the election. This surge is largely attributed to anticipated fiscal stimulus initiatives such as tax cuts and increased government spending, estimated to approach a trillion dollars over time. However, analysts warn that this growth might be already factored into current valuations, creating a potential vulnerability. High earnings multiples and unexpected disappointments in fiscal policies could lead to a downturn, as rising interest rates could also negatively affect equity valuations.
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