| | *past 24-hour performance |
| | 📰 Last Week’s Market Headlines | Steady Gains Across Major Indexes: The Dow, S&P 500, and Nasdaq all continued their upward trajectory, marking their seventh week of gains. The Dow even hit a record high. Trading Volumes Spike: There was a significant increase in trading, with a focus on stocks that had been heavily shorted. Lower Market Volatility: The VIX, Wall Street's "fear gauge," dropped to its lowest level since the COVID era, indicating a calmer market. Inflation Eases: Inflation reports were more benign than expected. Core inflation rates remained steady, and producer price inflation was lower than anticipated. Fed's Future Rate Cuts: The Federal Reserve hinted at more substantial rate cuts in 2024, signaling a shift in monetary policy. Retail Sales Rise: Retail sales in November were better than expected, suggesting a strong start to the holiday shopping season. Bond Yields Decline: Long-term U.S. Treasury yields fell sharply, influenced by the inflation data and the Fed's outlook. Tech Sector's Resilience: The tech sector showed strength, particularly in certain sub-sectors like semiconductors, as companies adapt to the changing economic landscape. |
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| | Cash is king 👑 | Not long ago, investors were chasing rocketship startups in hopes of a huge payday. | | Boy how times have changed. | Those overvalued, buzzy startups just aren't as attractive anymore. You know what's cool? Undervalued companies that earn real profit. | WebStreet finds these companies, acquires them, improves them, and sells them. (And lets you invest) | They buy overlooked businesses already earning money They improve operations, so they make even more money They bundle everything into a single, powerful fund that you can invest in. | It's like micro private equity on autopilot. | Unlike a lot of startups, WebStreet is doing great. | Want a piece of the action? Sign up today. | | SPONSOR |
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| | 🕶️ Market Vibes | 🎰 Market Forecasts and Futures | Forecasts come from Kalshi, our favorite prediction market. Get $25 with this link. | | Markets are still predicting a rate cut by March despite the Fed’s best efforts to temper enthusiasm. In fact, the CME is currently pricing in seven rate cuts in 2024. | 😱 Fear and Greed Index | | | 🧠 What do you think? | Traders are pricing *seven* rate cuts in 2024.Best comments posted tomorrow. | |
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| 🎤 What you said last time | Thanks for reading, guys! |
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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 | IBM is buying StreamSets and webMethods (capitalization is weird) from Software AG for €2.13 billion in cash. Illumina is divesting Grail, a cancer tester developer, because of an FTC mandate. | Market movers | Meta (Facebook) and RayBan are teaming up to offer sunglasses kitted out with an AI assistant. Activision Blizzard is paying $54 million to settle a 2021 discrimination lawsuit. Quaker Oats is recalling a number of its granola-based products due to a risk of salmonella contamination The SEC fined Charter Communications $25 million. | Ideas, trends, and analysis |
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| Three innovative EV companies not named Tesla. China’s economic slowdown has become a big problem for banks that serve the rich. Streaming wars: How Disney, Apple, Amazon and Alphabet battle for the next leg up. |
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| | 📊 Income | | You can grab Bank of America preferred shares yielding 6.24%. Three attractive pharma dividend plays. |
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| | 📊 Crypto | | It was a tough week for crypto, but it seems to have leveled off over the weekend. Another bullish prediction for Bitcoin: $75k in 2024. Crypto-adjacent: Nearly $3 million worth of Bored Apes were stolen from NFT Trader. Nearly all of them were recovered. |
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| | 🌍 Global Perspectives | 🇨🇳 China’s real estate meltdown is battering middle-class wealth. | 🇨🇳 Undeterred: Officials predict a 2024 recovery. | 🇭🇰 Related: Hong Kong, long a destination for Chinese luxury shoppers, is suffering. | 🇨🇦 The Canadian government is poised to pass rules requiring all new vehicles sold in the country to be zero-emissions by 2035. | 🇭🇺 🇪🇺 Will Hungary and the EU break up? | 🇷🇺 Delegates from Russia’s ruling party unanimously backed President Vladimir Putin’s bid for reelection. | 🇷🇺 🇺🇦 🇺🇸 How a Putin victory in Ukraine could devastate the United States. | 🇺🇦 The world’s largest shipping companies are pausing operations through the Suez Canal because Iran-backed Houthis keep shooting missiles at their ships. |
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| | 💎 Wealth Watch | Buy Now Pay Later is getting more popular. It’s dangerous for both the shopper and the economy. |
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| | | 🗳️ Outside the Box | A brave soul tried the Doritos booze, so you don’t have to. An Italian family who hid a Botticelli masterpiece for generations gave the painting to the police. |
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| | 📺 What to Watch Today | | 12 Days of Scams: Christmas puppy scams |
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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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| | | That’s all for today. Did we miss anything? Smash the reply button to let us know. | Cheers, | Wyatt |
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