Bloomberg Businessweek
Musk Stalls on Massive Tesla Plant, Stoking Caution in Mexico
Dec 15, 2023
Musk stalls on massive Tesla plant in Mexico, partnership launched for actively-managed bitcoin and ethereum futures ETFs, investment opportunities in Asia discussed, and market outlook including bond market indicators and investing opportunities
35:49
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Quick takeaways
- Elon Musk has delayed the construction of a Tesla factory in Mexico, raising concerns about the company's expansion plans in the region.
- Investors should focus on individual companies and conduct thorough fundamental analysis when making investment decisions in the current market.
Deep dives
Market Rally and Optimism for 2022
Despite expectations, the market continues to rally, with the S&P 500 on pace for its seventh straight week of gains. While the tone from the Fed indicated that rate hikes will be coming, the exact timing remains uncertain. However, investors are slowly pricing in rate hikes for the first quarter of 2022, though it's unlikely unless unemployment surpasses 4%. Although expectations for rate cuts may be overstated, the market is expected to continue its upward momentum, with a price target of 5200 to 5400 for the S&P 500 by the end of 2024.
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