Squawk on the Street Markets and Inflation, Shutdown Deadline Looms, FedEx Spinoff Plans, Nike’s Turnaround Push 12/20/24
Dec 20, 2024
The discussion dives into market reactions to inflation data and a looming government shutdown. FedEx's plan to spin off its freight business contrasts with Nike's efforts to bounce back. Political turmoil adds to market volatility, with speculations swirling around key players like Trump and Musk. A sharp drop in Novo Nordisk shares highlights the drug trial challenge, while bitcoin struggles this week. Insights into small business resilience and significant debt issues facing CVS and Intel round out the conversation.
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Market Jitters and PCE
- The market is reacting to November's PCE, which came in tamer than expected.
- This could be reassuring as it suggests a potential easing of inflationary pressures.
Buying Opportunity
- Investors should buy stocks today, not sell.
- Historical data suggests buying opportunities after market downturns and government shutdowns.
Zero-Day Options Trading
- Zero-day options trading is becoming increasingly popular among young investors.
- This addiction to short-term trading is fueled by platforms like Robinhood and can lead to significant losses.