CNBC's "Fast Money" cover image

CNBC's "Fast Money"

Markets Big Week… And U.S.-China Trade Relations In Focus 11/8/24

Nov 8, 2024
Join Ben Emmons, Co-CIO and founder of FedWatch Advisors, who dives into Federal Reserve policies and interest rates, discussing market implications post-election. DeWardrick McNeil from Longview Global sheds light on the brewing U.S.-China trade tensions and potential tariffs, hinting at looming challenges. Media expert Joe Flint weighs in on industry trends, particularly in light of possible mergers. Together, they navigate a week of market milestones and the ripple effects of global trade dynamics.
43:50

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Quick takeaways

  • The S&P 500 surged nearly 5 percent post-election, benefitting from the Fed's easing policy and optimistic market sentiments.
  • Concerns over U.S.-China trade dynamics, including potential tariffs and stimulus challenges, may pose significant risks to future market performance.

Deep dives

Record Market Milestones

The S&P 500 reached a significant milestone by crossing the 6,000 mark for the first time, just nine months after breaking the 5,000 level. The index posted its best weekly gain in a year, climbing nearly 5 percent, while other indices, including the Dow and Nasdaq, also hit record highs. Factors contributing to this rally include a quarter-point rate cut by the Federal Reserve and the optimistic market outlook following Donald Trump's election win. As small-cap stocks outperformed the S&P 500, discussions arose regarding the best sectors to invest in during this bullish trend.

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