Closing Bell Closing Bell Overtime: Regulatory Risks for Tech, Holiday Shopping & NYC Congestion Pricing 11/29/24
Nov 29, 2024
The markets are buzzing with the Dow and S&P 500 hitting record highs! Experts discuss the outlook for the holiday shopping season, revealing shifts in consumer behavior and the effects on major retailers. Microsoft faces scrutiny amid allegations, while the tech sector prepares for growth despite regulatory hurdles. Flexport's CEO sheds light on supply chain challenges as the year wraps up. In the luxury market, industry leaders assess the impact of political changes and mortgage rates on housing dynamics.
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U.S. Equities
- Overweight U.S. stocks, including large, mid, and small caps, as they have outperformed international and emerging markets.
- Consider U.S. equities as the primary investment focus for the next year due to their strong potential.
Broad Market Rally
- November marked the best month for the S&P 500 and Dow in a year, with both indices setting record closes.
- Small caps, represented by the Russell 2000, also flirted with record highs, indicating a broad market rally.
Broadening Earnings Growth
- Earnings growth for the next year is expected to broaden beyond mega-cap tech stocks.
- The "forgotten 493" stocks are projected to see earnings increase from 5% to 15%.