CNBC's "Fast Money" The Health Sector’s Fear Factor… And The Last Fed Decision of 2024 12/13/24
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Dec 13, 2024 The health care sector faces significant challenges as vaccine safety concerns and regulatory scrutiny loom. Major pharma companies like Pfizer and Moderna are navigating a complex landscape amid shifting public trust and political dynamics. Meanwhile, the Federal Reserve's upcoming rate decision could signal the end of its easing cycle, influencing market behaviors. Additionally, PayPal's stock receives an upgrade as fintech expands, while tech giants like Broadcom and Alphabet explore growth potentials amidst market uncertainties.
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Healthcare Sector Outlook
- Healthcare is the worst-performing S&P sector this year, down significantly from its 52-week high.
- Negative sentiment surrounds the sector due to drug pricing concerns, provider scrutiny, and potential vaccine mandate rollbacks.
Vaccines and Autism
- Dr. Peter Hotez highlights the extensive scientific evidence debunking the link between vaccines and autism.
- He emphasizes that autism begins in early fetal development, before children are born or vaccinated.
Broadcom's AI Boom
- Broadcom's market cap exceeded $1 trillion after a 24% jump, its best day on record.
- The company's AI revenue tripled year over year, positioning it as a potential new winner in the AI race.