CNBC's "Fast Money" Stocks Snap Losing Streak… And Impact From China’s Sanctions 1/3/24
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Jan 3, 2025 After a challenging week, markets rallied as the S&P 500 and Nasdaq ended their losing streaks. Insights from a Federal Reserve governor shed light on interest rates and inflation. The podcast explores surging U.S. car sales, with a spotlight on electric vehicle competition. Rising tensions in U.S.-China trade relations raise questions about sanctions and their impact on major companies. Additionally, fluctuations in the Chinese yuan present new investment opportunities while highlighting shifts in the U.S. alcohol market.
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Market Rebound and Rising Yields
- The S&P 500 and Nasdaq rebounded after five days of losses, possibly signaling a positive start to 2025 trading.
- U.S. Treasury yields are rising, with the 10-year yield touching 4.6%, creating an interesting market dynamic.
Fed's Gradual Approach to Rate Cuts
- Fed Governor Adriana Kugler suggests the Fed can reduce interest rates gradually in 2025, given stable employment and a recent bump in inflation.
- She notes the Fed is prepared to act differently if unemployment weakens significantly.
Unusual Interest Rate Dynamics
- It's unusual for the Fed to cut rates while longer-term rates rise.
- This might be influenced by fiscal policy outlook and economic outlook.