Money Rehab with Nicole Lapin Why the "Santa Claus Rally" Happens & How To Build a Career in Finance with Peter's Intern!
Dec 11, 2024
In this engaging discussion, guest Alishah Ishfaq, a driven finance student from Baruch College, shares her inspiring journey towards a career on Wall Street. She highlights the importance of persistence and networking in navigating challenges like the COVID-19 pandemic. Peter Tuchman also breaks down the phenomenon of the 'Santa Claus Rally' and provides insights into year-end market dynamics. Alishah encourages young listeners to stay motivated and proactive in their pursuit of success in the finance industry.
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Market Pullback and Overall Performance
- The stock market has been pulling back slightly, possibly due to exhaustion and negative news about Nvidia.
- However, the overall market performance for 2024 remains strong, with record highs across indices.
Buying Opportunities During Market Pullbacks
- Don't panic about market pullbacks; consider them buying opportunities for discounted stocks.
- Have a shopping list of companies you like, and buy when their prices drop.
Alishah's Persistence
- Alishah Ishfaq contacted Peter Tuchman persistently for two months to visit the NYSE.
- This persistence led to a connection and eventually an internship at TradeMas.