| Good morning. Later today, you’ll get our 2024 outlook. | If you missed them, check out the first two issues of our special three-part series: | |
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|  | *past 24-hour performance |
| | 📰 Market Headlines | As we predicted yesterday, it was a rough start to 2024. The S&P 500 fell 0.6%, while the Nasdaq tumbled 1.6%. Only the Dow edged 0.1% higher. Apple had its worst day in nearly five months. America’s national debt surpassed $34 trillion for the first time. That’s around $100 per person in the US. Oil prices were up more than 2% yesterday due to escalating tensions in the Red Sea morning before giving back some gains.
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| | 🕶️ Market Vibes | 🎰 Market Forecasts and Futures | Forecasts come from Kalshi, our favorite prediction market. Get $25 with this link. | | Economists are split over whether the Fed will cut interest rates by the first half of 2024 (47 percent) or the second half (47 percent). The remaining 6 percent expect the Fed to hold rates steady. Copper could skyrocket over 75% to record highs by 2025.
| 😱 Fear and Greed Index | | | 🧠 What do you think? | Will Bitcoin hit $100k in 2024?The best comments will be featured tomorrow | |
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| 🎤 What you said last time | A surprisingly optimistic outlook from you lot, which is encouraging. |
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| | 🎉 Better - let’s rock in the New Year | “I think this year will be volatile, but there is a lot of potential for things to begin to improve. If not, then we are all doomed” | 📉 Worse - everything is falling apart | “Does anyone in government buy groceries? Inflation is not at 3%, and take a look at food banks. They have never had so many people using them” |
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| | 📊 Stocks | | Want to invest like Buffet? With Public.com, you can emulate Berkshire Hathaway’s portfolio with just a few clicks. | Winners and losers | Earnings, upgrades, and acquisitions | Tesla reported 20% YoY unit sales growth in Q4 due largely to steep price cuts. Barclays downgraded Apple on iPhone worries. This sent both Apple and its suppliers’ shares tumbling. Airbus is considering acquiring cybersecurity business Atos for up to $2 billion.
| Market movers | MicroStrategy CEO Michael Saylor is selling $216 million worth of shares. Americans are increasingly cutting back on their streaming subscriptions. All the big linear TV players - Warner Bros, Discovery, Comcast, Fox, and Paramount - had big dips in ad spending last year.
| Ideas, trends, and analysis |
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| | | | | 📊 Crypto | | BTC ETF providers are already racing to the bottom with fees. Jim Cramer is now bullish on BTC. God help us. The BTC ETF is undeniably bullish for the cryptocurrency, but beware
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| | 🌍 Global Perspectives | 🇧🇷 Brazil’s economy is doing well during President Lula’s first year back in office. | 🇨🇳 Almost 90% of foreign money that flowed into China's stock market in 2023 has been pulled. | 🇩🇪 The German economy may see a little growth this year, but so far everything is pointing to a lackluster year. | 🇸🇦 Saudi Arabia's Public Investment Fund accounted for about a quarter of the almost $124 billion spent by sovereign wealth funds worldwide last year. | 🇹🇷 Turkish inflation hit 65% and is expected to rise further. | 🇱🇹 The number of foreign workers in Lithuania was up more than 33% last year. There’s an arrival allowance of 3,444 euros (around $3,764) awarded to foreigners who work in occupations the country needs. |
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| | | | | | 📺 What to Watch Today |  | Bitcoin soars to kick off 2024, topping $45,000 for first time since April 2022: CNBC Crypto World |
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| | 📈 Trends you need to know | Search results are from our friends at Glimpse, my favorite way to spot trends. | |
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| “Over the past two years, roughly 25% of those who subscribed to AppleTV+, Amazon’s PrimeVideo, Max, Peacock, Paramount+, Netflix, Hulu, and Disney+ have canceled at least three of those options – an increase from 15% before hikes pushed the combined tab of the ad-free monthly costs for those eight streamers to $112.42 a month.” |
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| | That’s all for today. Did we miss anything? Smash the reply button to let us know. | Cheers, | Wyatt |
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