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| 💨 TL;DR | Everything is Awesome! Seriously, just all good news today across the board. I don’t know what to do either. It’s weird. | | 📰 Market Headlines | Markets closed higher yesterday, with the Dow setting another record. 🎉. The S&P is also within shouting distance of a new high, only 1.6% away. The Nasdaq ticked up slightly while yields fell again. Gold is solidly above $2k, and oil was also up slightly, set for its first weekly rise in two months. Global markets have also powered higher today, with both European and Asian markets in the green. The ECB, the Swiss National Bank, and the UK’s central bank held rates steady. Norway unexpectedly hiked rates by 25bps. US 30-year mortgage rates dipped below 7% on dovish Fed speak. | | 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 lets you 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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| | 🕶️ Market Vibes | 🎰 Market Forecasts and Futures | Brought to you by Kalshi, our favorite prediction market. Get $25 with this link. | The Cloud TV market is set to grow 20.4% per year, hitting $11.5 billion by 2032. | End-of-year forecasts | | Macro forecasts | GDP sentiment on Kalshi is skyrocketing up more than 50bps in one day. | | 😱 Fear and Greed Index | | | 🧠 What do you think? | How often do you read to the end of this email?Comment with what you'd improve (or get rid of) | |
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| 🎤 What you said last time | Looks like Happy Holidays for all. Could be a tricky spring, though. |
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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 | Homebuilder Lennar beat estimates thanks to tight supply. Home deliveries were up 19% YoY to 23,795 for the quarter. All those sales required steep discounts, though, which compressed margins. Shares were down 2.8%. | Market movers | Solid economic data out of China (see below) powered Country Garden (+5.1%), China Evergrande (+3.5%), and Sino Ocean Holding (+5.7%). Intel announced Gaudi3, an artificial intelligence chip targeted at running generative AI software. It will compete directly with Nvidia. GM is laying off 1,300 workers in Michigan as the Bolt and Camero come to an end. Chinese online discount retailer Temu has sued Chinese online discount retailer Shein for alleged “mafia-style intimidation.” | Ideas, trends, and analysis | How to use momentum to pick top stocks. Why solar stocks rally with low-interest rates. The Carson Group says US stocks will be the best investment over the next decade, doubling by 2028. |
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| | 📊 Income | | The 10-year Treasury yield plunged below 4% on Thursday after the Fed signaled rate cuts in 2024. Bonds are rallying. How high can they go? |
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| | 📊 Crypto | | A spike in bitcoin volatility saw the liquidation of over $63 million in leveraged positions in the past 24 hours. Crypto company SafeMoon filed for Chapter 7 bankruptcy on Thursday. Last month, the company's execs were arrested on fraud, wire fraud, and money laundering charges |
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| | 🌍 Global Perspectives | 🇨🇳 China’s factory output rose 6.6% in November, and retail sales were up more than 10%. | 🇨🇳 🇺🇸 American Treasury Secretary Janet Yellen is looking to improve US-China relations. |
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| | | | | | 📺 What to Watch Today | | Your Supplements are a Lie |
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| | 📈 Trends you need to know | Search results are from our friends at Glimpse, my favorite way to spot trends. | |
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| Nutrition, workout, and sleep supplements are slowly becoming part of our daily lives. Is that a good thing? |
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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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