CNBC's "Fast Money" Staples Struggle and Chips Surge as We Head into New Year 12/23/24
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Dec 23, 2024 Consumer staples face challenges as yields rise, hinting at a complex market outlook for the new year. Meanwhile, semiconductor stocks like NVIDIA and Taiwan Semi see a surge amid a probe into China's chip industry. Zillow forecasts 2025 housing trends, and discussions on Berkshire Hathaway highlight evolving fintech strategies. The energy sector faces hurdles, yet natural gas and LNG opportunities emerge. As final trades are discussed, a festive spirit adds a cheerful touch to market insights.
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Staples Struggle and Dollar Strength
- Consumer staples struggled while the 10-year yield hit 4.6%, a level not seen since late May.
- The dollar also traded near two-year highs, raising questions about market strength in the new year.
Impact of Rising Yields on Staples
- Rising yields make consumer staples less attractive due to better returns from treasuries.
- The strong dollar is also a headwind for staples.
American Exceptionalism in Staples
- Focus on American exceptionalism by considering consumer staples with less international exposure.
- Mid-cap staples with more U.S. focus may be a good strategy.