In this episode of Dividend Cafe, Brian Szytel provides a midday market recap for Tuesday, December 17, 2024.
Dividend Cafe: Market Recap and Insights on December 17, 2024
In this episode of Dividend Cafe, Brian Szytel provides a midday market recap for Tuesday, December 17, 2024. The Dow has experienced a significant losing streak, down around 300 points, marking its ninth consecutive negative day. The S&P and Nasdaq also closed lower. The Federal Reserve's meeting is anticipated to conclude with a 25 basis point rate cut, and Brian discusses its impact on bond markets. Additionally, Brian comments on China's budget release, capital outflows, and the devaluing Yuan. He briefly touches on the topic of moving IRA balances to 401(k) plans for Roth contributions and ends with a call for listener questions.
00:00 Introduction and Market Overview
01:10 Federal Reserve Meeting Insights
01:38 Bond Market Analysis
02:59 China's Economic Strategies
04:20 Investment Advice and Q&A
05:20 Conclusion and Upcoming Topics
Links mentioned in this episode: DividendCafe.com
Brian Szytel is the Deputy Managing Partner and Co-CIO of The Bahnsen Group.
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