Wall Street Breakfast No Groundhog Bump this year
Feb 2, 2025
This week, Punxsutawney Phil predicts a bearish trend, hinting at an unpredictable stock market. Analysts are eyeing Palantir's earnings, considering AI's impact on its growth. Tariff news from the Trump administration raises concerns about potential market volatility. The discussion also dives into the negative implications of tariffs on Canadian energy imports. Plus, there’s a spotlight on important ex-dividend dates and a strategist's take on the shift from U.S. exceptionalism to undervalued international markets.
AI Snips
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Transcript
Episode notes
Groundhog Day Indicator
- The "Groundhog Day bump" is a real phenomenon impacting stock returns.
- Stocks perform better when Punxsutawney Phil predicts an early spring, suggesting investor superstition.
Jobs Report Impact
- January jobs data and benchmark revisions are key this week.
- These factors could influence Fed rate cut expectations and market sentiment.
Palantir's Prospects
- Palantir, a popular stock, faces growth challenges despite AI momentum.
- Analysts have differing views on the company's future, from cautious to optimistic.