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In this episode of Fast Money, the panel dives into the market rally following the election, spotlighting the rise of Bitcoin and meme stocks fueled by expectations of deregulation with the new Trump administration. The discussion centers on whether these gains can be sustained, weighing factors like potential actions from the Federal Reserve, the effects on various sectors such as airlines, finance, and technology, and the ramifications of US-China trade relations. While some panelists express concerns about overvaluation, particularly with Tesla, others identify promising opportunities in undervalued sectors and bonds. Additionally, the setback of AbbVie's schizophrenia drug underscores the risks associated with pharmaceutical mergers and acquisitions.
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