🎆 Holiday Markets: What's Next?

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Good morning,

We hope you had a wonderful Christmas last week! Markets are very thin right now, and this trend will likely continue into this shortened week for New Year’s. We’ll be back with you on Friday, when our regular cadence resumes.

Happy New Year! 🎆 

Grab your iced latte (or is it too cold for one of those?) and let’s dive into what’s been happening over the past few days. ☕️👇

Markets

📈 Stocks drop as investors trim risk before year-end
European stocks dipped slightly on Monday, mirroring a decline in Asian markets as investors reduced risk amid year-end uncertainty. Trading volumes were subdued, typical of the holiday season, while U.S. futures edged lower after Wall Street’s “Magnificent Seven” tech giants led a Friday retreat. Asian markets broke a five-day winning streak, with cautious sentiment spilling over globally. 

📆 What to Expect in the Markets This Week
Markets face another holiday-shortened week as stock and bond trading pauses for New Year celebrations. Markets will be closed Wednesday for New Year’s Day, with bond markets shutting early Tuesday for New Year’s Eve.

🇺🇸 Jimmy Carter, who led the country during high unemployment and 'stagflation,' is dead at 100
Former President Jimmy Carter passed away Sunday at 100 years old at his home in Plains, Georgia, the Carter Center announced. Serving as the 39th president from 1977 to 1981, Carter holds the record as the longest-living U.S. president.

His presidency navigated economic challenges and rising tensions in the Middle East, but Carter’s legacy extends far beyond politics. He championed humanitarian efforts and established the Departments of Energy and Education, leaving a lasting impact on the nation.

📉 XRP Sinks 5% to Lead Crypto Losses
XRP tumbled over 5% in the past 24 hours, while DOGE, SOL, ETH, and BNB slid by up to 2%, dragging the overall crypto market cap down 3%. Bitcoin continues to display its inverse correlation with the U.S. Dollar Index (DXY), which tracks the dollar against key global currencies. The dollar’s recent strength comes as markets anticipate President-elect Donald Trump’s economic policies, set to roll out after his inauguration in late January.

⚡️ Is Tesla Stock a Buy for 2025?
Tesla has surged over 70% in 2024, far outpacing the S&P 500’s 25% rise and sparking significant buzz. Investors are bullish on Tesla’s advancements in AI-driven autonomous driving and robotics, with CEO Elon Musk earning praise for aligning with President-elect Donald Trump.

But is this meteoric rise rooted in fundamentals or hype? While Tesla’s potential is undeniable, investor expectations could mean the stock’s current valuation is running ahead of reality. This article explores whether Tesla remains a buy after its impressive rally.

The $100 Trillion Opportunity in AI?

The rise of AI is shaping up to be bigger than any financial trend we’ve seen before. According to seasoned investor James Altucher, this next-gen AI revolution could create a $100 TRILLION industry, and early investors could stand to benefit. He’s even laid out how a $10K investment might turn into $1 million over the coming years. Want to see the details?

Check out his personal message here

Quick News

• 10 charts that tell the story of markets and the economy in 2024.

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• Oil holds steady in thin holiday trade.

• 12 Things That Probably Won’t Happen in 2025.

• Memecoin Degens Raise Millions for Rare Cancer Research After a Father’s Plea.

• Books We Read in 2024 to Prepare Us for the Future.