CNBC's "Fast Money" Market Momentum Still Alive… And Energy’s Next Move in Q4 10/2/25
Oct 2, 2025
Julie Beal, a seasoned portfolio manager and regular contributor, joins to explore the current stock market landscape. She delves into the high valuations of tech stocks, questioning their sustainability amidst potential Federal Reserve adjustments. The discussion shifts to tactical asset decisions, weighing the merits of equities versus a 4% CD. Beal emphasizes long-term strategic allocations, particularly favoring small and mid-cap stocks while cautioning about downside risks. The episode also examines shifting trends in energy funding and emerging opportunities in China.
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Momentum Powering Record Highs
- Momentum is driving record highs even on a quiet trading day, led by semiconductors, quantum plays, and crypto names.
- Retail trading platforms and recent IPOs are amplifying these momentum flows into concentrated sectors.
Market Ignores Political Noise
- The market shrugged off near-term political risks like the government shutdown and kept valuing momentum over fundamentals.
- October seasonal chasing and forced allocation rebalancing are amplifying the rally.
Private AI Secondaries Inflate Public FOMO
- Secondary sales at private AI firms like OpenAI are pushing huge implied valuations without traditional lockups.
- That circulation of capital fuels FOMO into public AI-related equities despite weak revenue fundamentals.