🎅 Santa Rally Cancelled

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Good morning.

Before we dive into today’s edition, I wanted to let you know we’ll be taking some time off next week for Christmas.

Thank you so much for your support over the past year, we’ll see you soon. Merry Christmas, everyone! 🎅 

Grab your hot chocolate and let's get into it! ☕️👇️

Markets

📊 Stocks Close Mixed as Recovery From Sell-Off Loses Steam
Wall Street had a mixed day Thursday, with stocks ending nearly flat after a late-session slide erased earlier gains. The Dow edged up less than 0.1%, snapping a 10-day losing streak, the longest in half a century, while the S&P 500 and Nasdaq dipped 0.1%.

This followed Wednesday's dramatic sell-off, where the Dow plunged 2.6% and the Fed signaled a cautious rate-cut path for 2025, reducing its projected cuts from four to two. Investors remain watchful of inflation trends and the Fed’s policy moves.

💰️ How I’d Invest $250,000 Cash In Today’s Market
Financial Samurai is back with another investing post. With inflation cooling and the Fed shifting to a multi-year rate-cut cycle after 11 hikes since 2022, markets are on edge. Stocks remain at all-time highs, but fears of a global recession loom. His latest blog explores where he would invest in today’s market.

🤔 What will the Nvidia share price do in 2025?
Nvidia’s meteoric rise, up over 2,000%, has largely happened in the past two years, driven by explosive sales growth since early 2023. After a slower 2020-2022, the company’s rapid expansion has sent its share price soaring. But looking ahead to 2025, investors shouldn't expect the same staggering gains. So what’s in store for 2025?

🇺🇸 Trump wants EU to buy more US oil and gas or face tariffs
President-elect Donald Trump warned Friday that the EU could face tariffs unless it reduces its trade deficit with the U.S. He urged the bloc to boost oil and gas purchases from America, even though U.S. data shows the EU already buys the majority of these exports. The remarks signal potential tension in future trade relations.

🔋 Tech Tesla shares drop 5%
Tesla shares dropped 5% in premarket trading today, continuing a tough week after an 8% plunge on Wednesday, the stock’s worst single-day loss since before Trump’s victory. Back then, optimism surged around Tesla due to CEO Elon Musk’s ties to the president-elect. Despite the recent slide, Tesla is still up nearly 76% year-to-date.

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Quick News

• The Fed’s rate outlook has rattled markets. Here’s what it means for global central banks.

• Crypto industry eyes deep list of government appointments.

• OpenAI CEO Sam Altman sat before Congress in 2023 to testify about the dangers of AI. He told American lawmakers at the time that he owns no equity in OpenAI, However, Altman recently said he actually did have some equity in OpenAI through a Sequoia fund.

• Does it make sense to buy a home for 2-3 years?

• Japan's government 'alarmed' by recent forex moves.

• Tesla Stock vs. Microsoft Stock: Billionaire Philippe Laffont Is Buying One and Selling the Other.

• A sharp selloff sends gold lower, with bearish signals pointing to further.