- Stocks & Income
- Posts
- 😴 Welcome to the laziest day of the year
😴 Welcome to the laziest day of the year
🕐 Markets close at 1pm today
It’s a short day in the US markets, so get your winning in early today. Or just put up your Christmas Tree.
A lineup of alternative strategy ETPs
REX Shares specializes in alternative exchange-traded products (ETPs).
MicroSectors™: Targeted ETNs providing precise exposure to specific market segments, enabling sophisticated investors to capitalize on niche sectors
T-REX Leveraged ETFs: The first in the U.S. to offer 2X and -2X daily targeted leverage on single stocks like TSLA, NVDA, and MSTR, empowering traders with amplified exposure.
Covered Call ETFs: Strategies that combine stock exposure with the potential for enhanced income through option-based approaches, aiming to deliver attractive yields.
📰 Market Headlines
US stocks snapped their winning streak as major indexes tumbled during a broad tech sell-off.
The S&P 500 dropped 0.38% to 5,998, ending seven straight days of gains while the Dow fell 0.31%.
Dell shares plunged 12% after the company lowered revenue guidance for Q4.
Canada's Competition Bureau sued Google over alleged anti-competitive conduct.
South Korea's central bank cut rates for a second straight month to 3% and lowered its growth outlook.
This year's Thanksgiving dinner cost $58.08 for 10 people, down 5% from last year and 4.5% lower than in 2022.
🧠 Make yourself heard
Mexico is a |
🧠 What’s next: Prediction markets
The uncertainty we see most around major economic indicators is around jobs and rate cuts, which is unusual. Those markets have been pretty steady over the last couple of months, but the presidential election—and trying to guess what DJT will do—has led to some uncertainty.
Speaking of which, a few markets show just how difficult it is to guess Mr. Trump’s intentions:
Will the Doomsday Clock move closer to midnight next year? 75% chance yes
Will Trump end the electric vehicle tax credit? 71% chance yes (Elon would like to have a word)
Will Trump halve the trade deficit? 23% chance yes
Meanwhile, prediction markets say there’s a 21% chance DJT will pardon Hunter Biden within his first 100 days, which is…something.
📊 Ideas, trends, and analysis
Search volume for “Best black Friday deals” is notably down this year.
🕵️ Notable
US retailers recorded $7.5 billion in Thanksgiving Day online sales, with peak shopping hitting between 7 PM and midnight EST.
Global wages recovered in 2023, rising 1.8% after a 0.9% decline in 2022, and continued climbing 2.7% in the first half of 2024.
😱 Fear and Greed Index
📊 Winners and losers
Get $20 free shares at public.com using code ALTSCO.
Earnings, upgrades, and acquisitions
No notable earnings were reported.
Market movers
The FTC opened a broad antitrust probe into Microsoft, including its software licensing and cloud computing businesses.
Liquidators of China Evergrande filed a winding-up petition against the company's unit Tianji Holding.
Advanz Pharma's liver disease drug Ocaliva was pulled from the European market.
SolarEdge laid off 500 employees after the closure of their utility-scale battery storage division.
🌍 Global Perspectives
🇷🇺 🇺🇦 Russia launched attacks with 100 drones and 90 missiles at Ukraine's power infrastructure, forcing emergency blackouts.
🇨🇳 🇺🇸 China threatened to take "necessary actions" after reports that the US plans to blacklist 200 more Chinese chip companies.
🇦🇺 Australia's Parliament passed legislation banning children under 16 from social media platforms.
🇨🇴 🇦🇺 Colombian authorities seized six narco-submarines in a massive international drug bust.
📊 Crypto
Securing top talent with our guide is a click away
At Deel, we've simplified a world's worth of global hiring information. Our expert teams can help you navigate quick and compliant hiring in 150+ countries and so much more.
🎤 What you said last time
You guys are sleeping on Mexico as an investment opportunity.
🧠 Errata
A stinky spacecraft forced ISS astronauts to seal off a Russian cargo ship before the smell mysteriously dissipated.
Scientists created a living mouse using genes from a 700-million-year-old single-celled organism.
Gen Z dumped dating apps as Tinder lost 600,000 users and younger people returned to meeting in real life.
📺 What to Watch Today
That’s all for today. Did I miss anything? Smash the reply button to let me know.
Cheers,
Wyatt
Reply