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cover of episode Can't Fight This Feeling

Can't Fight This Feeling

2024/11/29
logo of podcast On The Tape

On The Tape

AI Deep Dive AI Chapters Transcript
People
D
Dan Nathan
知名金融分析师和评论员,常在 CNBC 上提供市场分析和评论。
D
Danny Moses
G
Guy Adami
经验丰富的华尔街交易员和金融分析师,知名媒体人物。
Topics
Dan Nathan认为,市场对一些新任命的官员表示乐观,这与某些通胀数据相矛盾。他指出,财政部长提名人对赤字的立场,以及以色列和真主党之间的停火,导致收益率下降。关税政策和特朗普政府的其他任命,对市场构成更大的挑战。地缘政治风险溢价导致黄金和比特币价格上涨。 Guy Adami认为,今日公布的个人消费支出(PCE)价格指数数据符合预期,市场对此感到宽慰。尽管经济数据好坏参半,但美国经济表现出韧性。市场对经济的预期与公众对经济的感受之间存在脱节,尽管通货膨胀累积效应存在,但失业率、GDP和通货膨胀率都处于相对较好的水平。汽油价格下降,表明经济状况良好,只要企业能够维持利润率。消费者信心指数创下一年来新高,与选举结果相符。 Dan Nathan认为,债券市场走势复杂,十年期国债收益率波动。尽管债券市场走势不明朗,但银行股表现强劲,原因是市场开放、并购活动以及更高的股票价格。市场存在两种力量:一种有利于富人,另一种有利于那些在上次选举中投票的人。十年期国债收益率的短期回落可能是空头回补造成的。信贷利差保持低位,推动债券发行和ABS市场交易。资金流入私募信贷和债券发行,这被低估了。一些银行的估值过高,但市场表明银行股是值得投资的。银行股上涨的原因包括市场活动增加和放松管制。伯克希尔·哈撒韦的股票上涨表明对经济状况的乐观预期,但伯克希尔·哈撒韦持有大量现金,这可能反映了对经济的谨慎态度。巴菲特指标处于高位,表明市场估值过高。被动投资策略对金融股的配置,引发了对市场基本面的质疑。

Deep Dive

Chapters
The hosts discuss recent macroeconomic data, cabinet nominations, and market reactions. They explore how these factors are influencing yields and bank performances.
  • PCE number was 2.8%, in line but up from previous readings.
  • Best's nomination as Treasury Secretary caused yields to drop.
  • Banks are trading off deregulation and lower regulatory pressures.

Shownotes Transcript

Guy Adami, Dan Nathan, and Danny Moses discuss various market movements and economic indicators. Key topics include recent macroeconomic data, nominations in the incoming Trump administration, market reactions, and trends in the bond market. The trio analyzes performances in sectors such as retail and banking, unveils insights on general trading trends, discusses Nvidia and generative AI, and elaborates on the impact of tariffs and energy sector) outlooks. With Thanksgiving approaching, the hosts emphasize the significance of understanding broader economic trends and their impacts on the market.

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About the Show:

On The Tape is a weekly podcast with CNBC Fast Money’s Guy Adami, Dan Nathan and Danny Moses. They’re offering takes on the biggest market-moving headlines of the week, trade ideas, in-depth analysis, tips and advice. Each episode, they are joined by prominent Wall Street participants to help viewers make smarter investment decisions. Bear market, bull market, recession, inflation or deflation… we’re here to help guide your portfolio into the green. Risk Reversal brings you years of experience from former Wall Street insiders trading stocks to experts in the commodity market.

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