• Mixed Performance on Wall Street: The Dow rose 0.2% to set a new all-time high, and the Nasdaq gained 0.4%, while the S&P 500 was flat. This came after a week of gains tempered by hawkish comments from Federal Reserve officials.

• Key Sector Movements: Retailers and big technology gained, with Amazon, Etsy, Nvidia, Meta, and Netflix among the big winners. However, eight out of the eleven broad sectors of the S&P 500 closed in the red, with utilities, real estate, and health care experiencing declines.

• Energy Stocks Rally: Energy companies rallied as crude oil prices jumped, responding to concerns about attacks on shipping in the Red Sea.

• Major Acquisition in the Steel Industry: U.S. Steel soared by 26.1% following news of its acquisition by Japan’s Nippon Steel, a deal valued at about $14.1 billion.

• Index Rebalancing: The Nasdaq and S&P 500 underwent a quarterly rebalancing; among others, the Nasdaq added DoorDash, and the S&P 500 added Uber.

• Global Market Movements: In Asia, the Hang Seng Index surged 2.4% following policy easing in Shanghai and Beijing to stimulate the property market. However, the CSI 300 in China ended slightly lower, reflecting mixed economic data and speculation about fiscal deficit targets.

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What’s with the disconnect between rational individual investors and institutional traders?

Seriously, what the f*ck, guys?

“Out of your mind with “7” expected. Should be 2-3 before election”

Ideas, trends, and analysis

• Alphabet is bouncing on AI news. Is it a buy?

• Thanks to the fat-pill boom, Eli Lilly shares could still have a 140% upside.

📊 Income

• 5 CDs offering rates of 5.75% or higher right now.

📊 Crypto

• Altcoins are ripping as BTC hits $43k again.

• Cathie Wood sold $28 million worth of bitcoin last week.

• BlackRock caved to a few SEC demands in order to push forward with the spot BTC ETF.

🌍 Global Perspectives

🇨🇳 Companies are setting their sights on a hot new growth market in China: the elderly.

🇨🇳 A magnitude-6.2 earthquake jolted a remote and mountainous region on the northern edge of the Qinghai-Tibetan plateau just before midnight on Monday, killing at least 118 people and injuring hundreds.

🇮🇸 🌋 That massive volcano in Iceland finally erupted.

🇪🇬 Abdel Fattah el-Sissi won his third term in office with an improbable 89.6% of the vote. Presumably, 10.4% of the population now has bloody stumps where their hands used to be.

🇺🇦 Ukraine’s economy is in for a rough 2024 as Western aid dries up.

🇷🇺 Russia is making it harder for corporates to flee the country.

💎 Wealth Watch

• Inflation, illustrated.

🗳️ Outside the Box

• It’s been the worst year for M&A in a decade.

• Miss France winner says her short hair is a victory for 'diversity'.

• This is why your coffee costs more and tastes more bitter lately.

📈 Trends you need to know

Search results are from our friends at Glimpse, my favorite way to spot trends.

Looks like someone used Thanksgiving to tell Granny Bitcoin is back.

That’s all for today. Did we miss anything? Smash the reply button to let us know.

Cheers,

Wyatt