Small cap rally, 2024 election's economic risks: Catalysts

It's Friday, and US stocks have put in enough overtime to get a well-deserved break. The major market indexes (^DJI, ^IXIC, ^GSPC) notched a series of continuous all-time highs this week. Catalysts hosts Seana Smith and Madison Mills break down the biggest market movers in the first full trading hour of the day.

Jason Furman, the former Council of Economic Advisers (CEA) Chairman under President Obama, sits down with the Catalysts team to react to former Treasury Secretary Larry Summers' comments calling the Federal Reserve's 50-basis-point rate cut "a mistake, while also weighing the economic risks attached to the 2024 presidential election results.

While Tesla (TSLA) CEO Elon Musk donates becomes more vocal about his support for former President Donald Trump, Lumida Wealth Management CEO Ram Ahluwalia considers the headwinds this relationship could pose for the EV maker's stock.

To watch more expert insights and analysis on the latest market action, check out more Catalysts here.

This post was written by Luke Carberry Mogan.