2024-12-26T09:08:33+0000

This week on Prof G Markets, Scott and Ed open the show by discussing Omnicom’s acquisition of Interpublic, an update on the TikTok ban, and OpenAI’s new ChatGPT pro subscription. Then Tom Lee, the co-founder, managing partner and head of research at Fundstrat Global Advisors, joins the show to discuss his outlook for 2025, including why the S&P might hit 7,000 next year before retreating in the second half. He explains why he thinks small and mid-cap stocks will be successful, and why he believes the dollar could maintain dominance in a more Bitcoin friendly world. Tom also breaks down the potential downsides of AI, tariffs, and the Department of Government Efficiency. Order Algebra of Wealth now! https://www.amazon.com/Algebra-Wealth-Formula-Financial-Security/dp/0593714024 Timestamps: 00:00 - Today's number 00:24 - Today's episode 02:56 - Headlines 23:56 - Break 24:11 - The Market’s Biggest Risks and Opportunities in 2025 24:23 - Why do you see the S&P hitting 7,000 and then falling to 6,600 in 2025? 26:34 - What are the initiatives people are feeling optimistic about? 28:07 - Do you think we’re due for a flow out of the U.S. markets and into international markets? 29:47 - Do you think small and mid-cap stocks are about to have their day in the sun? 30:49 - Why is the financial sector your top pick for next year? 32:08 - How do you see the tariffs story playing out in 2025? 36:48 - Break 37:04 - How might Bitcoin influence the dollar's reserve currency position? 39:24 - How is AI shaping AI stocks, and which sectors stand to gain or lose the most? 41:40 - What are your fears around AI as it relates to criminal activity? 44:52 - Why do you think DOGE could be too effective? 49:08 - What would your asset allocation be for a young couple that wants to start investing right now? 52:00 - Is there anything that happened this year that has fundamentally changed your view of the world? Subscribe to Prof G Markets on Spotify https://open.spotify.com/show/7syF2ry9j6nqYc656WHBA7?si=78a5eaf1793b466e Follow us on Apple Podcasts https://podcasts.apple.com/us/podcast/prof-g-markets/id1744631325 Want more Prof G? Check out everything we're up to at https://profgmedia.com/ Headlines: Omnicom to buy IPG, creating world's largest ad agency https://www.axios.com/2024/12/09/omnicom-ipg-merger-advertising TikTok asks court to pause law that could shut down app in U.S. next month https://www.washingtonpost.com/technology/2024/12/09/tiktok-ban-court-injunction/ OpenAI is charging $200 a month for an exclusive version of its o1 ‘reasoning’ model’ https://www.theverge.com/2024/12/5/24314147/openai-reasoning-model-o1-strawberry-chatgpt-pro-new-tier #business #news #tech #financemotivation #stockmarket #profg #scottgalloway #profgmarkets #ai #earnings #stocks #investmentstrategies #investment #investing #gdp #money #spendingmoney #moneymanagement #moneytips #sandp500 #usmarkets #usmarket #internationalmarkets #financialsector #bitcoin #crypto #ai #doge #advice