MARKET WRAP

Stocks rebounded on Friday, with the S&P and Nasdaq gaining around 1% and the Dow jumping 500 points. This after a tumultuous week that saw an 11 hundred-point plunge for the Dow and its longest losing streak since 1974. The bounce was fueled by cooler-than-expected inflation data, with November's personal consumption expenditures price index increasing 2.4% year-over-year, slightly less than economists anticipated. This data helped alleviate concerns about stubborn inflation that arose earlier in the week when the Federal Reserve indicated it would reduce future rate cuts. Chicago Fed President Austan Goolsbee expressed optimism about the inflation figures, suggesting that rates could still decline next year despite the central bank's cautious stance.

MRKT MATRIX: x, 2024

Today’s Top Stories:

• Stocks bounce Friday on encouraging inflation data after rough week (CNBC)

• A Santa Claus rally could come just in time next week to help stocks end the year on a high note (CNBC)

• These stocks that were big losers in 2024 could rebound early next year, Wolfe says (CNBC)

• S&P 500 CY 2025 Earnings Preview: Analysts Expect Earnings Growth of 15% (FactSet)

• US Growth Revised to 3.1% on Stronger Consumer Spending, Exports (Bloomberg)

• Uncertainty About Trump Policies Set to Curb Business Investment (Bloomberg)

• Novo Nordisk Falls Most on Record After New Weight Drug Disappoints (Bloomberg)

• Oracle Catches a Downgrade. New Bear Sees ‘Daunting’ Cloud Computing Landscape (MarketWatch)

• Oil may ‘collapse’ below $50 a barrel in 2025 if this perfect storm hits the market (MarketWatch)

• Morgan Stanley stick by Nvidia during sell-off, reiterates as top pick (CNBC)

• OpenAI is done with Shipmas and staring down daunting challenges for 2025 (CNBC)

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

Peter Boockvar on The Fed, Volatility, Valuations and 2025 Market Shifts

Dan Nathan and Danny Moses are joined by Peter Boockvar from the Bleakley Financial Group. The trio delves into recent market volatility following the Federal Reserve's latest meeting. Peter Boockvar shares his insights on market reactions in both the stock and bond markets, discussing key factors such as positioning and sentiment. They explore the Fed's influence on market expectations and the broader economic outlook, touching on subjects like inflation, debt ceilings, and the impact of AI on the tech sector. Boockvar also provides contrarian views and investment picks for 2025, emphasizing the importance of quality over speculative investments.

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