Closing Bell Closing Bell Overtime: Taking Stock Of Palantir's Run Higher; Goldman's 2025 AI Predictions 12/26/24
Dec 26, 2024
Randall Quarles, former Fed vice chair for supervision, sheds light on the disconnect between market and Fed rates, emphasizing the banking industry's challenges. The discussion dives into Palantir's impressive 2024 trajectory and its future role in the AI revolution. Experts analyze Apple's climb towards a $4T valuation and provide insights on internet stock picks for 2025. Additionally, the evolving landscape of cannabis regulation and Goldman's predictions for AI's impact in business by 2025 are explored, forecasting significant changes ahead.
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Santa Claus Rally and Small Caps
- The Santa Claus rally historically signals positive market returns, especially after a strong first day.
- However, small-cap stocks' performance and broader market participation raise concerns.
Rising Yields and Equity Market
- Despite recent Fed cuts, the rising 10-year yield raises concerns for the equity market.
- However, the market may tolerate yields up to 5% before significantly impacting equities.
Apple's Growth and Valuation
- Apple's record close, despite not exceeding the $4 trillion valuation, suggests a golden era of growth.
- Wedbush's increased price target reflects this positive outlook, driven by AI and a potential super cycle.