MRKT MATRIX: September 27, 2024

Today’s Top Stories:

• Dow jumps 100 points to close at a record, major averages extend rally to third week (CNBC)

• Industry Analysts Project 9% Increase in S&P 500 Price Over the Next 12 Months (FactSet)

• Fed’s Favored Inflation Gauge, Consumer Spending Barely Rise (Bloomberg)

• Lower Interest Rates Don’t Guarantee a Soft Landing (WSJ)

• Port Operators Ask Regulator to Force Dockworkers to Negotiate (NYT)

• Hands-on with Meta’s Orion AR glasses prototype and the possible future of computing (CNBC)

• Nuclear Power Is the New A.I. Trade. What Could Possibly Go Wrong? (NYT)

• Turning OpenAI Into a Real Business Is Tearing It Apart (WSJ)

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

OnlyDans And Guy with Dan Greenhaus

Guy Adami, Danny Moses, and Dan Nathan host Dan Greenhaus, the Chief Strategist at Solus Alternative Asset Management. The discussion begins with reflections on Dan's accurate market predictions from his last appearance. They delve into his steadfast bullish outlook on equities despite prevalent concerns such as high debt-to-GDP ratios and potential valuation issues. The conversation transitions to market dynamics, comparing the relevance of different indexes like the S&P 500 and the Russell 2000. Greenhaus highlights the influence of passive investments and market structure changes on current trends. The episode also touches upon the recent Federal Reserve interest rate cut, the impact of dropping oil prices on consumers, and the under appreciated issues of fiscal deficits and global demographic shifts.

Further Reading

• Do You Wanna Be Right, or Do You Wanna Make Money?

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