Can the bull market sustain itself?
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 17 January 2025
⏱️ 18 minutes
🧾️ Download transcript
Summary
Episode transcripts: seekingalpha.com/wsb
Show links:
Nasdaq ends with 2% rally, yields slump as core CPI inflation cools
Supreme Court upholds TikTok's U.S. ban ahead of Sunday deadline
Bank stocks drive up after initial crop of Q4 earnings prove strong
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Transcript
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| 0:00.0 | Brian Stewart. Welcome back to the Wall Street Breakfast podcast, our weekly look back, I suppose. Welcome back to the show. |
| 0:19.7 | Thank you. Great to be back. Talk to us. |
| 0:21.7 | Where's your head at this week? What are you looking at the markets? And would you say are the |
| 0:25.8 | top stories that we should be thinking about as we close at one week and look ahead to another? |
| 0:32.6 | I think the interesting events of this week are the interesting sort of flip that's been happening over the last |
| 0:38.9 | couple days is that we're getting into a more kind of data-rich environment. The earning season |
| 0:44.2 | is getting rolling. We had the big banks report this week. So that's a harbinger of the more |
| 0:51.7 | kind of company-specific data that's going to come out over the next several weeks, which is a change from the sort of late December, early January period where we were just kind of going on economic data and not much else. |
| 1:04.3 | So I think we're moving out of kind of a vibes market and moving into a more kind of data-driven market. |
| 1:11.5 | So what would you say are the biggest vibes that you're picking up? |
| 1:16.2 | And what would you say is the data that you're most paying attention to? |
| 1:20.8 | So I think the concern, especially if you're bullish, is we're coming off two bumper years for the S&P 500. |
| 1:27.2 | So the question is whether or not |
| 1:30.3 | that bull market can kind of sustain itself through another year, especially one that's sort of |
| 1:37.7 | playing out to be more uncertain maybe in terms of just sort of the basic sort of economic situation going. So I think |
| 1:46.3 | it's a worry of whether or not the kind of bullish sentiment that we've had recently is |
| 1:52.6 | going to become more fleeting and we're going to get to a place where we're going to have |
| 1:57.3 | to digest some of the gains that we've had in recent years and move into a more cautious, period. |
| 2:03.1 | So in terms of data that we're looking for, obviously the economic data is going to be important looking at what the Fed's going to do. |
| 2:11.3 | However, next week is pretty sparse in terms of that information. |
| 2:16.5 | So I think it's going to come a lot. It's going to be a stock |
| 2:19.6 | pickers market, I think, for the next few weeks as we get the earnings coming in. |
... |
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