🧊 Inflation is finally cooling, but for how long?

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Markets

Global stocks climb after cooler than expected US inflation data (4 minute read)Global stocks rose on Tuesday after US consumer price figures showed inflation pressure in the world’s biggest economy continued to ease in November, bolstering the Federal Reserve’s arguments for a smaller interest rate rise when it meets this week. Annual consumer price growth in the US slowed to 7.1 per cent in November, down from 7.7 per cent in October and the smallest 12-month increase since December 2021.

HSBC to Stop Funding New Oil Field Projects (2 minute read)HSBC will no longer provide new lending or capital markets finance for new oil and gas fields, the British bank said on Wednesday, as part of a wider update to its energy policy. The bank said it will continue funding natural gas projects for now, given the global energy crisis and the pressures placed on supply by the war in Ukraine.

Why America's inflation cooldown might be here to stay (4 minute read)There is more good news for an American consumer bedeviled by soaring prices, and policymakers racing to tame them: inflation slowed even further in November, the latest clue that the worst of it may be behind us. Similar optimism this summer was quickly crushed by subsequently higher inflation readings. But there are good reasons to believe this time really is different, with key inflation drivers — housing, goods and services — all pointing in a favorable direction.

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Investing

Waiting for Home Prices to Drop? Bad Strategy (3 minute read)With mortgage rates retreating from their highest since 2002 and the US housing market cooling, some buyers are expecting to get a deal next year instead of having to contend with sky-high home prices. Unfortunately, that’s just wishful thinking. Although most economists think rates have peaked — or close to it — the consensus is that rates will hover around 6.5% or 7% for 30-year fixed mortgages for the foreseeable future.

Tesla Stock Has Never Been This Cheap — And It Could Still Drop Further (2 minute read)Tesla shares are trading at their cheapest-ever level, as the electric-car maker’s stock slumps more than 50% this year. Chief Executive Elon Musk’s focus on his recent acquisition of Twitter is among a few headwinds the stock faces, with some bears saying that the world’s most valuable automaker should see more declines. Tesla is now trading at 30 times projected earnings, its lowest ever, and well above the benchmark S&P 500 Index’s 17 times forecast earnings.

Retail Investors Clash With Pros Over Best Stock Trade Before the Fed Rate Decision (4 minute read)Ahead of this week’s Federal Reserve meeting — and in a year when many didn’t make the right calls — professional investors and do-it-yourselfers are sharply divided over the best way to position ahead of the central bank’s rate decision on Dec. 14. The top responses in the latest MLIV Pulse survey found that 37% of retail investors believed owning US stocks is the best trade ahead of the rate decision, while 40% of professional investors said it’s better to short them.

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Money

Minimalism And Early Retirement Go Perfectly Together (10 minute read)Minimalism and early retirement go together like peanut butter and jelly. Each item compliments the other. Minimalism helps get you to early retirement sooner because you are lowering your cost structure. Early retirement makes you want to simplify life so you can remain retired and enjoy your time more efficiently.

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