| | *past 24-hour performance |
| | 📰 Market Headlines | Mixed Performance on Wall Street: The Dow rose 0.2% to set a new all-time high, and the Nasdaq gained 0.4%, while the S&P 500 was flat. This came after a week of gains tempered by hawkish comments from Federal Reserve officials. Key Sector Movements: Retailers and big technology gained, with Amazon, Etsy, Nvidia, Meta, and Netflix among the big winners. However, eight out of the eleven broad sectors of the S&P 500 closed in the red, with utilities, real estate, and health care experiencing declines. Energy Stocks Rally: Energy companies rallied as crude oil prices jumped, responding to concerns about attacks on shipping in the Red Sea. Major Acquisition in the Steel Industry: U.S. Steel soared by 26.1% following news of its acquisition by Japan’s Nippon Steel, a deal valued at about $14.1 billion. Index Rebalancing: The Nasdaq and S&P 500 underwent a quarterly rebalancing; among others, the Nasdaq added DoorDash, and the S&P 500 added Uber. Global Market Movements: In Asia, the Hang Seng Index surged 2.4% following policy easing in Shanghai and Beijing to stimulate the property market. However, the CSI 300 in China ended slightly lower, reflecting mixed economic data and speculation about fiscal deficit targets. |
|
| | 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 |
|
| | 🕶️ Market Vibes | 🎰 Market Forecasts and Futures | Forecasts come from Kalshi, our favorite prediction market. Get $25 with this link. | | Expectations of a rate cut tanked overnight from 50/50 to 40/60. Goldman Sachs now predicts five rate cuts in 2024 including three back-to-back. Goldman Sachs cut its 2024 oil price outlook by $10 a barrel. | 😱 Fear and Greed Index | Extraordinary leap from 67 yesterday to 77 today. It was at 21 in October. | | | 🧠 What do you think? | How much time are you taking off this year for the holidays? | |
|
| 🎤 What you said last time | What’s with the disconnect between rational individual investors and institutional traders? |
|
| | Seriously, what the f*ck, guys? | “Out of your mind with “7” expected. Should be 2-3 before election” |
|
| | 📊 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 | Adobe gave up trying to acquire Figma, citing regulatory challenges. Notably, the offer was for $20 billion, while Figma is now valued at around $11.5 billion. Japan’s Nippon Steel is acquiring US Steel for $14.9 billion. | Market movers | Tesla challenger Nio secured a $2.2 billion investment from Abu Dhabi’s CYVN Holdings. Southwest Airlines was fined $140 million for last year’s holiday meltdown. Disney dropped Jonathan Majors from all future Marvel productions after his conviction yesterday. His character was to span several films and series. | Ideas, trends, and analysis |
|
| Alphabet is bouncing on AI news. Is it a buy? Thanks to the fat-pill boom, Eli Lilly shares could still have a 140% upside. |
|
| | | | 📊 Crypto | | Altcoins are ripping as BTC hits $43k again. Cathie Wood sold $28 million worth of bitcoin last week. BlackRock caved to a few SEC demands in order to push forward with the spot BTC ETF. |
|
| | 🌍 Global Perspectives | 🇨🇳 Companies are setting their sights on a hot new growth market in China: the elderly. | 🇨🇳 A magnitude-6.2 earthquake jolted a remote and mountainous region on the northern edge of the Qinghai-Tibetan plateau just before midnight on Monday, killing at least 118 people and injuring hundreds. | 🇮🇸 🌋 That massive volcano in Iceland finally erupted. | 🇪🇬 Abdel Fattah el-Sissi won his third term in office with an improbable 89.6% of the vote. Presumably, 10.4% of the population now has bloody stumps where their hands used to be. | 🇺🇦 Ukraine’s economy is in for a rough 2024 as Western aid dries up. | 🇷🇺 Russia is making it harder for corporates to flee the country. |
|
| | | | | | 📺 What to Watch Today | | The New Eruption in Iceland Could Become Very Destructive - Location, Maps and the Scenario |
|
| | 📈 Trends you need to know | Search results are from our friends at Glimpse, my favorite way to spot trends. | |
|
| Looks like someone used Thanksgiving to tell Granny Bitcoin is back. |
|
| | That’s all for today. Did we miss anything? Smash the reply button to let us know. | Cheers, | Wyatt |
|
| | | |
|
