Happy CPI day to those who celebrate

*past 24-hour performance

You may have missed yesterday’s issue because I forgot to change the subject line from Monday’s email. While JPow does remain bullish, it probably meant some of you who use Gmail missed the note. Sincere apologies.

💨 TL;DR

  1. The S&P 500 closed slightly lower on Monday as investors awaited crucial inflation readings and other economic data that could shape expectations around how long the Federal Reserve will keep interest rates elevated.

  2. US CPI data is out today at 8:30 am EST. YoY consensus forecast is 3.3%

  3. U.S. and Chinese leaders are set to meet tomorrow while attending the annual Asia-Pacific Economic Cooperation summit in San Francisco.

  4. The Fed is expected to leave interest rates unchanged in its final meeting of the year on Dec. 12 and 13, with the fed funds rate staying at 5.25 to 5.5 percent.

📰 Market Headlines

  • Timid Moves: U.S. futures are rising, with stock markets set for small gains at the open, but metals are down in early trading.

  • Asian Markets are Optimistic: Most Asian stocks rose slightly on Tuesday, recovering a measure of recent losses as investors hunkered down before key U.S. inflation data, while Chinese markets lagged following weak lending activity data.

  • Crisis Averted? House Speaker Mike Johnson is proposing a two-step stopgap bill to avert a government shutdown beginning on Saturday. The proposed bill would extend funding for specific federal operations through January 19, with funding for all other federal operations expiring on February 2.

  • Big Numbers Dropping: The Consumer Price Index (CPI) drops today.

  • Rearranging the Deck Chairs: The United Kingdom fired its divisive Foreign Minister and replaced her with former PM David Cameron.

  • A Brighter Future Part 1: Goldman Sachs says the global economy will outperform expectations in 2024.

  • A Brighter Future Part 2: After five straight quarters of negative results, has venture capital turned a corner?

🧠 What do you think?

Will 2024 be better or worse than 2023?

Login or Subscribe to participate in polls.

🕶️ Market Vibes

😱 Fear and Greed Index

🎤 What you said

While prediction markets think there’s only a 12% chance the government will shut down, ya’ll think it’s over 40%.

Comment of the day:

“What a joke politicians have become ”

Using magnetic fields to treat infections 🧲

Metallic implants, like joint replacements, are commonplace in modern healthcare.

But you may not realize that up to 3% of orthopedic implants become infected, and these infections can have serious consequences. Treating them usually entails more costly, invasive surgeries.

Enter Solenic Medical, the pioneers in the groundbreaking field of alternating magnetic field therapy for implant infections. Imagine a world where we can eliminate metallic bacterial infections without surgery.

  • Typically, post-operation infections are challenging to treat because bacteria can form biofilms on the surface of the implant.

  • These biofilms are resistant to antibiotics.

  • Solenic heats up the metal implant using an alternating magnetic field that destroys the biofilm without damaging surrounding tissue.

Treating an infected implant involves multiple surgeries. It's a lengthy, expensive, and painful process.

Solenic's technology, if proven safe and effective, has the potential to redefine the treatment of implant infections. This could be the breakthrough we've been waiting for, dramatically reducing the need for additional surgeries, curbing healthcare costs, and, most importantly, enhancing patient outcomes.

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📊 Stocks

Brought to you by our friends at Public.com, my favorite online broker.

Seven Nasdaq 100 companies have made up the vast majority of the index’s gains this year. Public lets you invest in all of them at once with their Magnificent Seven plan.

📊 And Income

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🌎 Global Perspectives

🇷🇺 Sanctioned: The US announced sanctions targeting Russia's ability to export liquefied natural gas (LNG) for the first time.

🇨🇳 Stemming the tide: China has ordered its local governments to halt public-private partnership projects identified as "problematic"

🇨🇳 Pay the man: Notorious hacking gang Lockbit claims the Industrial and Commercial Bank of China paid a ransom to resolve the attack on the bank’s unit in the United States

💎 Wealth Watch

Who’s buying a house in this economy? Boomers and single women.

How to switch your social security to a spousal benefit.

American markets have dominated their international counterparts for 15 years. Is it time to diversify?

🗳️ Outside the Box

  • Twelve military strategies that changed the course of history. (24/7 Wall St)

  • The economics of olive trees. (Alts)

  • A first-class menu from the Titanic and a victim's pocket each sold for $100k+ at auction. (CBS)

  • An electric air taxi made its maiden voyage in NYC. (Fox)

📈 Trends you need to know

Brought to you by our friends at Glimpse, my favorite way to spot trends.

A liquidation store is a retail establishment that specializes in selling surplus, overstock, returned, or refurbished merchandise at discounted prices.

An increase in popularity points to two different trends:

  • Retailers that need to shift extra stock

  • Consumers looking for bargains

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

Cheers,

Wyatt

Notes

Please read this disclaimer. The authors of Alt Assets, Inc. are not attorneys, investment advisers, accountants, tax professionals or financial advisers and any of the content should not be taken as professional advice. They are self-taught accredited investors, sharing information, research, entertainment and lessons learned based solely on their own experience and circumstances. Individual results may vary. The published content is unique, based on certain assumptions and market conditions at the time of publishing, and is intended to serve solely as research, not financial advice. For entertainment purposes only. Not investment advice. Alts I LLC (the “Fund”) is an affiliate of Alt Assets, Inc. and the Fund has conducted a private placement offering under Rule 506(c) of Regulation D of the Securities Act of 1933, as amended. The Fund may invest in one, several, or all of the alternative asset classes that Alt Assets, Inc. publishes content about on its site. Any of the Fund’s investments that have positive designations on the Alt Assets, Inc. site are purely coincidental, as the Fund is actively managed and guided by its own investment parameters, as summarized in the relevant private placement memorandum. Alternative investing involves a high degree of risk, including complete loss of principal and is not suitable for all investors. Past performance does not guarantee future results. The newsletter may contain affiliate links, meaning that Alts.co and its associated entities may receive compensation for referring customers to the noted companies. We recommend seeking the advice of a financial professional before you make any investment in an alternative asset class or any associated entities, and we accept no liability whatsoever for any loss or damage you may incur.

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