Squawk on the Street Crude Prices Hold Steady, Passenger Plane Crashes in South Korea 12/30/24
Dec 30, 2024
The hosts dive into the challenges facing the tech sector, particularly the impact of Boeing's recent issues and the curious case of a negative Santa Claus rally. There’s a look ahead to 2025, discussing big tech's influence and potential risks. Microsoft’s massive AI investment is a hot topic, with insights into its implications for the market and enterprise settings. The conversation also touches on disappointing manufacturing data and how rising interest rates are shaping consumer stocks. Get ready for strategic investment guidance as the new year approaches!
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Market Forecast for 2025
- Jeremy Siegel predicts a market pause in 2025, similar to the pattern seen before the 2000 market downturn.
- He warns against expecting a Santa Claus rally as widespread expectations often lead to disappointment.
Big Tech's Reign
- Jeremy Siegel suggests that Big Tech's dominance may wane in 2025.
- He notes that while AI spending is high, actual gains have been modest.
Boeing's Stock Reaction
- Boeing's stock is down after South Korea ordered inspections of all 737-800 planes following a crash.
- This follows a 30% rise in Boeing's stock since mid-November.