|  | *past 24-hour performance |
| | 📰 Market Headlines | Wall Street closed out its longest weekly winning streak in six years after big gains earlier in the week on hopes for lower interest rates in the US. The Dow set a new ATH, adding 0.2%, while the Nasdaq rose 0.4%. The S&P 500 was up and down but ended flat; it’s still on track for its seventh weekly gain and only 30 points away from its own ATH. Last month, weekly US oil production hit 13.2 million barrels per day. That’s just above the Donald Trump-era record of 13.1 million set in early 2020, just before the Covid-19 crisis sent output and prices crashing. A divided Colorado Supreme Court on Tuesday declared former President Donald Trump ineligible for the White House under the U.S. Constitution’s insurrection clause and removed him from the state’s presidential primary ballot.
|
|
| | 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) | | 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. | | | 😱 Fear and Greed Index | | | 🧠 What do you think? | Both the mainstream and crypto fear and greed indices are near multi-year highs. Are you:We'll show the best comments tomorrow. | |
|
| 🎤 What you said last time | Lovely to see everyone taking more time off this year. God bless the grinders. |
|
| | More than usual | “First Christmas with our baby girl” |
|
| | 📊 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 | Crypto mining company Marathon is acquiring two smaller competitors for $178.6 million. That sent shares of other mining companies soaring. Coupang, the “Amazon of South Korea,” is buying bankrupt luxury fashion e-commerce company Farfetch for $500 million.
| Market movers | Alibaba is shaking things up with a view toward divesting non-core assets. Southwest Airlines and its pilots reached a tentative labor agreement after three-and-a-half years of negotiations Affirm and Walmart are teaming up to bring BNPL to self-checkout. Tesla has got itself into a price war with BYD in China.
| Ideas, trends, and analysis |
|
| | | | | 📊 Crypto | | | What’s the Bitcoin halving? | The Bitcoin halving happens every four years. During the halving, the reward for mining new Bitcoin blocks is halved, decreasing the rate at which new Bitcoins are created. This event aims to mimic precious metals like gold's scarcity and deflationary properties. | Why does it matter? | Some think the halving is bullish because the asset becomes scarcer; others think it’s already priced in. |
|
| | 🌍 Global Perspectives | 🇺🇸 🇬🇧 🇧🇭 🇨🇦 🇫🇷 🇮🇹 🇳🇱 🇳🇴 🇸🇨 🇪🇸 🇾🇪 Fed up, the US has announced Operation Prosperity Guardian to put a stop to the Houthi attacks on the shipping trade in the Red Sea. | Why do you care? | “The Houthis are using missiles from Iran, based on old tech from China, to object to Israel’s actions in Gaza. And in the process, they’re raising gas prices in Europe while thwarting Korean carmakers trying to get sedans from Turkey to India.”
| 🇿🇦 More than 2,000 platinum mine workers in South Africa are striking underground for better pay and benefits. | 🇳🇬 Illegal cocoa harvesting in Nigeria is a big business. | 🇬🇧 UK inflation fell by more than expected last month | 🇷🇺 🇫🇮 Russia is getting antsy about Finland’s accession to NATO. |
|
| | | | | | 📺 What to Watch Today |  | What Houthi Red Sea Attacks Mean for Global Trade |
|
| | 📈 Trends you need to know | Search results are from our friends at Glimpse, my favorite way to spot trends. | |
|
| Related, Affirm is having a fantastic quarter. |
|
| | That’s all for today. Did we miss anything? Smash the reply button to let us know. | Cheers, | Wyatt |
|
| | | |
|
