Closing Bell Closing Bell Overtime: Former NEC Chief Economist On Trump 2.0; Early Real-Time Data On Holiday Shopping 11/27/24
Nov 27, 2024
Experts share insights on holiday retail trends, highlighting top picks for the season. The potential economic landscape under Trump 2.0 is dissected, shedding light on inflation and tariffs. A deep dive into Bitcoin's rise underscores the need for better security in digital currencies. CEO perspectives reveal early consumer data shaping winter shopping strategies. Finally, the impact of antitrust challenges on the tech sector is explored, emphasizing the focus on innovation in a competitive market.
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Market Focus: Tariffs
- The core PCE has remained around 2.7% for six months.
- The market seems to be absorbing the Fed's slower easing and is primarily focused on tariff uncertainty.
Risk-On Environment
- Bob Dahl considers the current market environment "risk-on" with high P/E multiples.
- He expresses concern about market uncertainties, including tariffs and Fed decisions.
Tariff Impact on Automakers
- U.S. automakers heavily rely on imported car parts, particularly from Mexico.
- Tariffs could significantly impact automakers' margins and consumer affordability.