Micron Gives Strong Forecast in Sign That Demand Is Rebounding
Dec 20, 2023
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Dan Morgan breaks down Micron Technology earnings, Colorado Supreme Court rules Trump ineligible for US presidency, AMH hormone research for reproductive system aging in women, increase in sales of over-the-counter medications, equity rally and market valuations, discussion on potential recession in 2024
Researchers have discovered a hormone called AMH that has the potential to reverse the aging process in ovaries, leading to treatments for infertility, extended fertility, and improved menopause symptoms.
There is caution regarding the sustainability of the equity market rally since October 2023, driven by rate cut expectations, as the market may be overbought and ahead of itself.
Investment opportunities lie in high-quality bonds, such as treasuries and investment-grade municipal bonds, for stability and diversification, as well as floating rate loans to hedge against short-term interest rate fluctuations and obtain attractive yields.
Deep dives
Potential Breakthrough in Longevity: Menopause
Researchers have discovered that a hormone called AMH, which affects menopause in women, has the potential to reverse the aging process in ovaries. This breakthrough could lead to treatments for infertility, extended fertility, and improved menopause symptoms. Clinical trials are underway to test the efficacy of AMH therapies.
Cautious Outlook on Equity Rally
While the equity markets have rallied since October 2023, with a 15% increase, there is a cautious outlook on the sustainability of this rally. The expectation of rate cuts by the Federal Reserve has driven the rally, but there is skepticism about the actual number of rate cuts and their impact on earnings growth. The market's current valuation and the challenges in the economy indicate that the rally may be overbought and ahead of itself.
Investment Opportunities in High-Quality Bonds and Floating Rate Loans
Given the current market conditions, investment opportunities lie in high-quality bonds and floating rate loans. High-quality bonds, such as treasuries and investment-grade municipal bonds, offer stability and diversification in a portfolio. On the other hand, floating rate loans, particularly those issued to private companies, provide attractive yields and act as a hedge against short-term interest rate fluctuations.
Potential Peak in 10-Year Treasury Yield
The 10-year treasury yield may have reached its peak when it hit 5% in October 2023. With expectations of rate cuts by the Federal Reserve, it is unlikely that the yield will continue to rise significantly. The current yield level, just under 4%, indicates that it may be an opportune time to invest in longer-term bonds.
Sick-Shaming and Overconsumption of Cold Medicine
There is a growing trend of taking excessive amounts of over-the-counter cough and cold medicine due to sick-shaming and the pressure to appear well in social and professional settings. However, this behavior is not advisable as it can lead to unintended health consequences. It is important to be mindful of the recommended dosage and seek appropriate medical advice when necessary.
Dan Morgan, Senior Portfolio Manager at Synovus Trust, breaks down Micron Technology earnings and outlook. Bloomberg News Legal Analyst June Grasso and Bloomberg Radio Political News Director Jodi Schneider discuss the legal and political ramifications of the Colorado Supreme Court ruling that Donald Trump is ineligible to serve as US president because of his actions inciting the Jan. 6, 2021 attack on the US Capitol. Jason Dunn, CEO of the National Coalition of Black Meeting Professionals, talks about promoting the positive financial impact of travelers of color. Bloomberg News Health Care Reporter Kristen Brown shares the details of her Businessweek Magazine cover story New Drugs to Stop Menopause Could Be Key To Longevity. And We Drive to the Close with Alan Zafran, Founding Partner and Co-CEO at IEQ Capital. Hosts: Tim Stenovec and Bailey Lipschultz. Producer: Paul Brennan.