📈 Dow's Historic Losing Streak

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Good morning.

The Dow logged its longest losing streak since 1978 as markets grapple with uncertainty, while all eyes are on the Federal Reserve ahead of its key rate decision today. Meanwhile, Nissan shares soared 24% amid merger buzz with Honda, marking their best day in decades.

Grab your iced latte and let's get into it! ☕️👇️

Markets

📉 Dow logs longest losing streak since 1978
US stocks tumbled Tuesday, with the Dow marking its worst losing streak in nearly half a century. The Dow Jones fell 0.6%, logging its ninth consecutive day of losses—the first streak of this length since 1978. Historically, the index has only faced longer losing runs in 1974 and 1971.

🫵 What You Need to Know Ahead of Fed Rate Decision
The Federal Reserve's two day meeting began Tuesday, with key policy decisions expected Wednesday. Analysts anticipate a quarter-point cut to the federal funds rate, marking the third reduction this year, totaling a full percentage point. While the move is expected, evolving economic conditions may challenge the Fed's path forward into 2025.

🚗 Nissan shares have best day in at least 40 years
Nissan shares skyrocketed 24% on reports of a potential merger with Honda, marking their best day since at least 1985, according to FactSet data. While Nissan soared, Honda's stock slipped, reflecting mixed reactions to the merger speculation.

🇨🇦 How Trump’s tariff threat pushed Canada’s Trudeau to brink of resignation
Canadian politics took a dramatic turn as Finance Minister Chrystia Freeland resigned amid rising tensions with Prime Minister Justin Trudeau over handling US trade threats. Freeland cited disagreements on addressing President-elect Trump's proposed 25% tariffs on Canadian goods, which have sparked nationwide concern. Her departure underscores the escalating pressure on Trudeau’s government to respond to Washington’s aggressive economic stance.

🤔 Investors haven’t been this optimistic in decades. Why that could spell trouble in 2025
Investors' unusually bullish sentiment in 2024 may spell trouble for 2025, warns Jason Goepfert of SentimenTrader. This year saw optimism dominate investor surveys, rivaling peaks in 1995 and 1999. The S&P 500 is set for back-to-back more than 20% annual gains, the best two-year streak since 1998, but history shows prolonged bullishness often leads to a market stumble in the following year.

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