CNBC's "Fast Money" Stocks Look To Close Out A Strong September… And GE Vernova’s Big Run Higher 9/27/24
Sep 27, 2024
As September draws to a close, stocks are surprisingly strong, with the Dow hitting new highs. Analysts discuss the significant rise of GE Vernova post-spinoff and its future prospects. Breakthroughs in mental health treatments, including a new schizophrenia drug, are reshaping investor outlooks. Meanwhile, Tesla's market rally is fueled by robust deliveries and a forthcoming robo-taxi launch. Nike faces a stock resurgence amidst competitive pressures and leadership changes, making for a lively market discussion.
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September's Strong Market Performance
- September's market performance bucked the trend of being a traditionally weak month.
- Several factors contributed to this unusual outcome, including central bank easing, China stimulus, and the election year cycle.
Consumer Savings Rate Revision
- The average consumer savings rate was revised upwards to around 5%.
- This is a positive sign for the consumer-driven economy, although it is still below the historical norm of 7%.
Options Market Volatility Forecast
- The options market predicts increased volatility in the second week of November.
- This suggests the market anticipates potential volatility around the election.