📈 Russia's Inflation Nightmare

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Good morning.

As we approach the end of 2024, I wanted to say a big thanks for your incredible support throughout this remarkable year. A quick heads-up that our team will be taking a well-deserved rest during the Christmas period next week, and we will be sharing limited coverage.

Grab your black coffee and let's get into it! ☕️👇️

Markets

📆 What To Expect in the Markets This Week
The Federal Reserve is set to announce its interest rate decision on Wednesday, with expectations leaning toward another rate cut. Fed Chair Jerome Powell will follow up with a press briefing to shed light on the economic outlook.

Later in the week, the PCE report will highlight inflation trends, while GDP revisions, retail sales, and consumer sentiment data will offer key economic insights. Earnings reports are also due from Micron Technology, Nike, FedEx, and more.

📈 Bitcoin rises to new record above $106,000
Bitcoin soared to a fresh all-time high Sunday, climbing over 4% to $105,207, with a record intraday peak of $106,509. The rally aligns with lower interest rates, a weaker dollar, and increased money supply, factors historically linked to Bitcoin's growth. The cryptocurrency is up 8% this month, 50% since the U.S. election, and a staggering 145% year-to-date.

🇷🇺 Russia braced for mammoth rate hike amid fears it’s losing the battle against inflation
Russia’s central bank is poised for a massive rate hike this week as inflation in its war-driven economy accelerates. Consumer prices surged 8.9% in November, up from 8.5% in October, with rising food costs as a primary driver. Adding pressure, a weaker ruble, exacerbated by new U.S. sanctions, has pushed up import costs, deepening economic strain since Russia's 2022 invasion of Ukraine.

🤔 Goldman Sachs Economists See Fed Skipping a Rate Cut in January
The Federal Reserve is expected to slow the pace of rate cuts after its meeting this week, with Goldman Sachs predicting a 25-basis-point reduction on Wednesday but no cuts in January. Economists, including Jan Hatzius, note the Fed’s cautious tone, citing low unemployment and above-target inflation as reasons for tempering future easing.

👑 Best Stocks for 2025
As the investing year wraps up, major banks are rolling out their 2025 market forecasts. Dubbed the Super Bowl of finance, this annual tradition sees economists, strategists, and quants share bold predictions, hoping to claim glory if they’re right or quietly retreat if they miss the mark.

Missed out on crypto? Here’s the good news.

If you feel like you missed out on Bitcoin or crypto, there's good news on the horizon. James Altucher, a genius investor who famously called the success of Bitcoin in 2011, says AI is the next big thing—and it’s going to be 10X bigger than crypto. According to Altucher, a once-in-a-lifetime "wealth window" in AI is opening, but it will close soon

See what he's predicting here

Quick News

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• Private equity may have an opioids problem.

• OpenAI whistleblower found dead at 26 in San Francisco apartment.

• French broadcaster Canal+ shares fall 16% in London listing.

• Broadcom, A chip supplier for Apple and other big tech companies, rallied in premarket trading after predicting a boom in demand for its artificial intelligence chips.

• The 3 Best Inflation Hedges.