| | *past 24-hour performance |
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| | 📰 Market Headlines | Markets everywhere ripped off the back of a rate freeze and dovish guidance from the Fed. The Dow hit a new record high, and the S&P and Nasdaq boomed as well. Along with the decision to hold, committee members penciled in at least three rate cuts in 2024, assuming quarter percentage point increments. Four more cuts are anticipated in 2025 and another three in 2026 to lower the rate to 2.25%. Despite the clear guidance, markets are forecasting six cuts in 2024. Bitcoin and gold both surged on the news. The IAEA asdf The US House of Representatives has voted to formalize its impeachment inquiry into President Joe Biden. | | 🕶️ Market Vibes | 🎰 Market Forecasts and Futures | Brought to you by Kalshi, our favorite prediction market. Get $25 with this link. | The International Energy Agency said evidence of softening global oil demand is mounting and a slowdown is expected to continue in 2024. The IEA said oil market sentiment had turned “decidedly bearish” in recent weeks, even after some members of OPEC+ on Nov. 30 announced a new round of voluntary production cuts for the first quarter of next year. | End-of-year forecasts | | Macro forecasts | | 😱 Fear and Greed Index | | | 🧠 What do you think? | | 🎤 What you said last time | | | It’s weird, but whatever | “The dollar will be worthless by the time he gets paid!” |
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| | 📊 Stocks | | Want to invest like Buffet? With Public.com, you can emulate Berkshire Hathaway’s portfolio with just a few clicks. | Winners and losers | Earnings, upgrades, and acquisitions | Adobe beat earnings but cut guidance. Shares were down 6%. | Market movers | Etsy is cutting about 225 jobs, or 11% of its workforce, as part of a plan to bring down its costs. Tesla recalled two million cars over an autopilot safety issue. The “recall” will be an over-air software update. | Ideas, trends, and analysis | Seven undervalued growth stocks. Is Novo Nordisk a buy? Despite immediate-term headwinds, strategists say they’re overweight Europe stocks versus the U.S. Why have Starbucks shares lost $11 billion? It’s not the boycotts. |
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| Alts are perfect for SDIRAs | In this issue, we'll show you why self-directed IRAs (or SDIRAs) are the perfect vehicle for investing in alternatives. | Alto allows you to invest in alternative assets with their retirement funds. You can transfer cash from any existing 401(k) or IRA or initiate a new contribution to invest in alternatives. Alto helps you with all the administrative stuff. | | They've recently launched Alto Marketplace, a platform that connects individual accredited investors to private alternative opportunities. | Their suite of integrated partners includes some names you might recognize: | Startups (with AngelList) Peer-to-peer lending (with Prosper) Real estate (with CalTier) Artwork (with MasterWorks) Infrastructure (with InfraShares) See the full list | Optimize your retirement strategy, diversify your portfolio, and minimize your tax burden with a tax-advantaged retirement account from Alto. | Create an Alto IRA today. Go to altoira.com/marketplace to learn more. | | Disclaimer: | Alto Marketplace offerings are currently available only to accredited investors. Private securities involve risk and may result in significant losses. Important disclosures apply. Alto does not provide investment advice. Consult an investment advisor to determine whether an investment is appropriate for your portfolio. | SPONSOR |
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| | 📊 Income | | Markets have entered a “new paradigm” as the global order fragments, while heightened recession risk means that “bonds are back.” South Korean, Indian, Malaysian, Indonesian, and Thai bonds had their biggest month since May in November. |
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| | 📊 Crypto | | Prices as of Saturday 2am EST. |
| JPMorgan expects ether to outperform bitcoin and other cryptocurrencies in 2024. |
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| | 🌍 Global Perspectives | 🇨🇳 China’s leaders pledged to step up measures to revive the country’s flagging economy but stopped short of issuing a stimulus package. | 🇪🇺 Europe’s economy is in a bad way. |
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| | 💎 Wealth Watch | Almost half of Gen Z think being financially compatible is more important than being physically attracted to their partner. Why your car insurance is more expensive these days 5 personal finance resolutions for 2024. |
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| | | | 📺 What to Watch Today | | | 📈 Trends you need to know | Search results are from our friends at Glimpse, my favorite way to spot trends. | |
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| Some recalls are bigger than others, but they’ve been getting less frequent. |
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| | That’s all for today. Did we miss anything? Smash the reply button to let us know. | Cheers, | Wyatt |
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