MRKT MATRIX: December 6, 2024

Today’s Top Stories:

• S&P 500, Nasdaq hit new records after jobs report is slightly better than expected (CNBC)

• Employers Added 227,000 Jobs in November (WSJ)

• Wall Street’s Bond Sellers Look Toward Bigger 2024 Bonus Rewards (Bloomberg)

• Is This Wildly Overvalued Stock Market Doomed? Yes, but Maybe Not Yet (WSJ)

• Have Industry Analysts Overestimated S&P 500 EPS For 2025? (FactSet)

• Goldman Sachs upgrades Robinhood to buy after brokerage outlines ambitious growth plan (CNBC)

• Musk’s xAI Wraps Up $6 Billion in Funding in Latest Round (Bloomberg)

• Palantir Teams Up With Shield AI on AI-Powered Autonomous Aircraft (Bloomberg)

• Waymo’s Progress May Be Good for Uber, Too (The Information)

• IPhone Maker Hon Hai Posts 3% Sales Growth After AI Demand Slows (Bloomberg)

Today’s On The Tape is Presented by CME Group, iConnections, and Robinhood

Adam Parker On Deregulation, Sector Rotation & The Inauguration + Navigating Fed Speak with Axios’ Courtenay Brown

Listen here

Dan Nathan and Danny Moses welcome Adam Parker, CEO of Trivariate Research. They discuss recent market dynamics, including asset rotation and the implications of AI on various sectors. Parker delves into potential market movements, valuation concerns across different sectors, and the evolving role of generative AI. He also shares thoughts on the valuation and strategic moves within the healthcare and tech sectors, the impact of geopolitical risks, and the unpredictable nature of market returns.

After the break, Guy Adami and Dan Nathan welcome Courtenay Brown, now an economics reporter at Axios. The discussion traces Courtenay's career path, starting as a page at CNBC's Fast Money in 2014, and her subsequent roles at Squawk Box and Axios. Courtenay reflects on her lack of initial knowledge about financial markets and how her curiosity and learning at CNBC shaped her career. The conversation covers her current insights into the Federal Reserve, inflation, and the wealth gap. Courtenay also shares her perspectives on global economic issues, including European productivity and protectionist policies under various U.S. administrations.

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