Archive | Market Briefing

Irrational optimism?

Fed is sparking irrational market optimism former FDIC Chair warns, gold prices soar to record highs, Teamsters authorize strike at Budweiser, A-Rod’s Slam SPAC plans merger with Lynk Global, and Bezos talks plans for a trillion people to live in huge space stations...

Market Briefing

Dec 15, 2023

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14 min read

Blackstone goes Swifty

Wall Street cheered best Fed day since 2009, Intel unveils Mortgage rates slide <7% for first time since August, Intel unveils new AI chip to compete, Disney prepares for battle as activist Peltz seeks two board seats, and Blackstone goes all-in on Taylor Swift fandom with holiday video...

Market Briefing

Dec 14, 2023

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15 min read

Rate cuts coming

Fed holds rates and indicates three cuts coming in 2024, Dow closes above 37,000 for the first time, Tesla recalls nearly all vehicles to boost autopilot safeguards, Etsy lays off 11% of its staff, and OpenAI and Axel Springer strike unprecedented deal to offer news in ChatGPT...

Market Briefing

Dec 13, 2023

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14 min read

Fed's last decision

Here’s everything the Fed is expected to do today, new COP28 draft demands swifter fossil fuel transition, Zelenskyy in Washington to discuss Ukraine aid impasse, Biden fires up price wars as inflation cools, and Argentina’s Milei devalues Peso by 54%...

Market Briefing

Dec 12, 2023

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12 min read

Crunch week

Crunch week puts rate-cut expectations to the test, Goldman reshuffles private credit in bid to double assets, why CZ, Dalio and Lisin are flocking to Abu Dhabi, Wells Fargo, other banks caught in probe over mortgage pricing discrimination, and TikTok becomes first non-game app to reach $10B in consumer spending...

Market Briefing

Dec 11, 2023

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14 min read

Wall St. vs Ivy

Penn leaders out after Wall St. donor, alumni pressure from comments, Fed starts to confront rates cut question, Cigna calls off merger with Humana, luxury goods sellers claim ‘worst market since 2008’, and Musk reactivates Alex Jones’ X account after 5-year ban...

Market Briefing

Dec 8, 2023

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12 min read

Market clings to jobs report

Alphabet soars as Wall Street cheers arrival of Gemini, Spotify’s CFO is stepping down, Amazon testing monthly unlimited grocery subscription, JPMorgan's Kolanovic says opt for cash over stocks, and Salesforce signals end of the Golden Age of cushy tech jobs...

Market Briefing

Dec 7, 2023

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13 min read

'Gemini' unleashed

Google launches Gemini — its ‘most capable’ AI model, Wall St. bank bosses warn Congress new rules risk of hurting economy, Biden forgives nearly $5B in student loans, Musk's SpaceX valued at $175 billion, and McDonald’s unveils its answer to Starbucks with ‘CosMc’s'...

Market Briefing

Dec 6, 2023

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13 min read

New milestones

Apple’s market cap recrosses $3 trillion, India narrows gap with Hong Kong, job openings hit 2-year low in cooling welcomed by Fed, China's credit rating downgraded, and Bitcoin’s 6-day jump takes the token past $44,000...

Market Briefing

Dec 5, 2023

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14 min read

Bull market in sight

Gold and Bitcoin smashing through key levels, bull market in view after S&P hits year-high, Spotify to cut 17% of its workforce, Birkenstock finally tops IPO price, and Alaska-Hawaiian billion-dollar merger faces the DOJ...

Market Briefing

Dec 4, 2023

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12 min read

Bitcoin hits $40K

Bitcoin hits $40,000 for the first time in 19 months, gold soars past $2,100 to new record, Dovish Fed view courses through markets, Meta’s AI chief thinks we’re far from AI super intelligence, and Alaska Airlines to buy Hawaiian Airlines for $1.9 billion...

Market Briefing

Dec 1, 2023

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12 min read

Historic rally

S&P’s historic 8.9% rally, biggest blowout in bonds since 1980’s, Tesla Cybertruck delivery event ($60,990 base price), India overtakes China as Asia’s growth driver, and Lego heir sells $930 million of shares in family firm...

Market Briefing

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