Halftime Report Trading Trump and Tariffs 11/26/24
Nov 26, 2024
Stephanie Link, a financial markets expert, Jim Labenthal, a savvy market trend analyst, and Carrie Firestone, a healthcare and biotech specialist, dive into the potential impact of new tariffs under the President-elect. They discuss the implications for major players like General Motors and Amgen's disappointing stock performance. The conversation also examines strategic investments in volatile sectors and the future of cryptocurrencies. Insightful debates on Zoom's transformation and the stock market's recent gains round out the discussion, providing a comprehensive market landscape.
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Episode notes
Reacting to Tariff News
- Consider selling stocks like GM if concerned about potential tariffs.
- Reflect on past performance and potential impact on consumer demand and margins.
Interpreting Political Rhetoric
- While incoming presidents' words should be taken seriously, their negotiating tactics may involve initial hardline stances.
- The market often recognizes this and doesn't always react drastically to initial statements.
Market Rally Despite Tariffs
- Market rallies can occur even with potential negative news like tariffs, as investors focus on broader growth prospects.
- Factors like reshoring, infrastructure projects, and consumer strength can outweigh tariff concerns.
