Squawk on the Street Crude Prices Hold Steady, Passenger Plane Crashes in South Korea 12/30/24
Dec 30, 2024
The hosts dive into the challenges facing the tech sector, particularly the impact of Boeing's recent issues and the curious case of a negative Santa Claus rally. There’s a look ahead to 2025, discussing big tech's influence and potential risks. Microsoft’s massive AI investment is a hot topic, with insights into its implications for the market and enterprise settings. The conversation also touches on disappointing manufacturing data and how rising interest rates are shaping consumer stocks. Get ready for strategic investment guidance as the new year approaches!
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Episode notes
Carter's Economic Legacy
- Jimmy Carter's economic policies included appointing Paul Volcker and deregulation.
- Though considered a dark economic time, his deregulation set the stage for the 1980s.
Market Overview
- Big tech came off a rough day, and several sectors are under pressure this month.
- The equal-weighted S&P 500 is down 6% for the month.
Market Dynamics
- Treasury yields have risen to multi-month highs while economic data has softened.
- The market may be rethinking the post-2016 playbook of buying cyclicals and small caps.