Squawk on the Street Stocks Surge on Inflation Data, Big Banks’ Earnings Beats, Quantum "Leap" Returns 1/15/25
Jan 15, 2025
The podcast dives into the stock market's surge after promising inflation data and strong earnings from major banks. It highlights the buzz around quantum stocks, driven by Microsoft’s positive remarks. Discussions also cover the implications of Supreme Court actions on TikTok, the challenges faced in California due to wildfires, and regulatory hurdles for AI chip exports to China. With a focus on shifting market dynamics, the speakers analyze job creation and evolving corporate strategies in response to economic changes.
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Market Rally
- Core CPI data came in lower than expected, causing stocks to surge and yields to fall.
- Bank earnings beats further fueled the rally, creating optimism in the market.
Bank Earnings Optimism
- Strong bank earnings reports are contributing to a positive market sentiment.
- The tone of CEO commentary during earnings calls is expected to be more positive.
Shifting CEO Sentiment
- Jim Cramer notes a change in CEO sentiment since the election.
- CEOs express relief over a perceived easing of regulatory pressures.