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Deep Dive
Why is the 10-year Treasury yield approaching 4.6%?
The rise in yields is partly due to the incoming administration's potential impact on debt levels and issuance, as well as the market demanding higher interest rates to buy government debt. Additionally, the ongoing inflation battle is not being won, which is reflected in the bond market.
What is the significance of the VIX reaching almost 25?
The VIX spiked to nearly 25, indicating heightened market volatility. This was likely driven by the uncertainty around interest rates and the Fed's future actions, as well as the market's reaction to economic data.
What is the current technical outlook for the S&P 500?
The S&P 500 is trading within a defined channel and is currently in the middle of that range. The 150-day moving average, around 5,200, is a key level to watch for potential support or resistance.
Why has Micron's stock been performing poorly?
Micron's stock has been under pressure due to concerns about its recent performance and potential challenges in the semiconductor market. The stock has been testing key support levels, and there seems to be something amiss with the company's fundamentals.
What is the outlook for Taiwan Semiconductor (TSMC)?
Taiwan Semi is showing strong relative strength and is nearing an all-time high. The stock has been consolidating but appears poised for a breakout, which could be a positive signal for the broader semiconductor sector.
Why did Broadcom's stock rally sharply recently?
Broadcom's stock surged after the company provided optimistic guidance for custom silicon, projecting a $60-90 billion market by 2027. This led to a significant increase in market cap, but the move was seen as overdone by some analysts.
What is the current sentiment around Palantir's stock?
Palantir's stock has been on autopilot, making new all-time highs. However, its price-to-sales ratio is seen as excessive, and there are concerns about whether the company can grow into its current valuation.
Why has Starbucks' stock been declining?
Starbucks' stock has been falling as the market starts to realize that the company's problems are more deeply rooted and will take longer to fix than initially thought. The stock has given back nearly half of its gains since August.
What is the technical outlook for Nike's stock?
Nike's stock is in a long-term downtrend and has been underperforming. The stock is testing key support levels, and a breakdown could lead to further declines, potentially revisiting COVID-era lows.
Why is Pepsi's stock performing poorly?
Pepsi's stock has been struggling due to slowing growth, valuation concerns, and the impact of higher yields on defensive stocks. The stock is also facing headwinds from a stronger dollar and slowing global growth.
What is the outlook for Uber's stock?
Uber's stock has pulled back recently but remains a strong performer. The company's fundamentals are solid, and the stock could rebound if it reports strong earnings in late January. However, the chart shows a breakdown, which could pose risks.
Why has J.P. Morgan's stock been volatile?
J.P. Morgan's stock saw a sharp rally after the election due to expectations of less regulation under the new administration. However, the stock has since given back some of those gains, and the excitement around the banks may have been overdone.
- Guy Adami's trip to Switzerland
- VIX nearing 25
- 10-year yield approaching 4.6%
- CME Fed Funds tracker
- Market reaction to potential Fed rate cuts
Shownotes Transcript