S&P Heads for 26% Annual Gain; Trump Announces Panama Ambassador
Bloomberg Daybreak: US Edition
Deep Dive
What is the current annual gain of the S&P 500, and what is the forecast for 2025?
The S&P 500 is up 26.6% on the year. Lori Calvacina, head of U.S. equity strategy at RBC Capital Markets, predicts another solid year of gains in 2025, though potentially slower than 2024. She anticipates some volatility with 5% to 10% drawdowns but expects continued moderation in inflation, elevated P/E multiples, and solid earnings growth to drive the market higher. RBC has a $6,600 price target for the S&P 500 next year, representing a 10% increase from current levels.
Why is Dan Ives bullish on the tech sector under the Trump administration?
Dan Ives, global head of tech research at Wedbush Securities, remains bullish on the tech sector due to the transformative potential of the AI revolution. He acknowledges potential headline risks from China tariff discussions but advises focusing on long-term winners. Additionally, he sees the departure of Lina Khan from the FTC as a positive development, likely leading to more acquisitions in the tech industry.
What is the significance of President-elect Trump's appointment of Kevin Marino Cabrera as U.S. ambassador to Panama?
President-elect Trump appointed Kevin Marino Cabrera as U.S. ambassador to Panama amid concerns about high fees for U.S. shipping through the Panama Canal and potential Chinese influence. Cabrera, a Miami-Dade County commissioner and Trump campaign worker, is seen as knowledgeable about Latin American politics. Trump accused Panama of exploiting the U.S., stating they have 'ripped us off far beyond their wildest dreams.'
What were the key outcomes of Netflix's NFL debut on Christmas Day?
Netflix made its NFL debut by broadcasting two Christmas Day games, which were not competitive and had no technical issues. The highlight was Beyoncé's nearly 13-minute halftime performance in Houston, which energized the hometown crowd. The event marked a significant milestone for Netflix as it expands into live sports broadcasting.
What is the current status of ceasefire negotiations between Israel and Hamas?
Ceasefire negotiations between Israel and Hamas are stalled, with both sides accusing each other of complicating efforts. Hamas claims Israel introduced new conditions related to withdrawal from Gaza, prisoner releases, and the return of displaced people. Israel, however, accuses Hamas of reneging on previously agreed understandings. The situation remains tense, with reports of three babies dying in Gaza due to cold conditions.
What is the impact of using multiple cybersecurity tools on organizations?
Research from Google shows that organizations using 10 or more cybersecurity tools average 14 security incidents per year, more than double those using fewer tools. This highlights the inefficiency of a bolted-on approach to cybersecurity. Experts recommend investing in secure-by-design productivity tools across email, documents, and video conferencing to reduce the burden on IT teams and improve overall security.
- S&P 500 up 26.6% for the year
- RBC predicts another solid year of gains, but with potential drawdowns
- Nasdaq up over 33%
- Bullish outlook on tech despite China tariff discussions and valuation concerns
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