Reader Sentiment: What's your short-term outlook on the market?

🟩🟩🟩🟩🟩🟩 📈 BULLISH 77% (Last week: 82%)
🟨🟨⬜️⬜️⬜️⬜️ 📉 BEARISH 23% (Last week: 18%)
Results from Sunday’s poll

Comments:
📈 “Bullish, not on the whole market but on certain sectors: gold silver metals, nuclear energy, etc. - and also small cap”
📉 “Incoming administration policies will be highly inflationary. Rates will rise; the dollar will soar; trade deficit will skyrocket”
📈 “Bullish until Trump cracks appear”
📉 “Gap period in marker performance where sentiment overtakes fundamentals and churn is the order of the day”
📈 “Trump”

BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
↓ 43.33% for Week of December 12 2024

Market Wrap:

• Dow fell for a 7th session (-0.2%), marking its longest losing streak since 2020.

• S&P 500 flat; Nasdaq up 0.12% to 19,926.

• Weekly: Dow -1.8%, S&P -0.6%, Nasdaq +0.3%.

• Broadcom soared 24%, hitting $1T market cap on AI growth (+220% YoY).

• Nvidia (-2%) and Meta (-1%) weighed on tech.

• Wall Street awaits a catalyst as indices remain range-bound.

EARNINGS

Here’s what we’re watching this week: Full Calendar »

• Wednesday: Birkenstock (BIRK), General Mills (GIS)

  • Micron Technology (MU) - earnings of $1.77 per share (vs a loss of $.95 per share in the year-ago period) on $8.7B revenue

• Thursday: Conagra (CAG), Darden Restaurants (DRI)

  • FedEx (FDX) - earnings of $3.95 per share (-1% YoY) on $22.1B revenue (-0.2% YoY)

  • Nike (NKE) - earnings of $.64 per share (-37.9% YoY) on $12.2B revenue (-9.1% YoY)

HEADLINES

Palantir, MicroStrategy, Axon Join Nasdaq 100

Bitcoin Surges Above $106,000 on Strategic Reserve Hopes

• Bull market hits an early December soft patch (more)

• Economists trim rate cut estimates on fear of Trump inflation surge (more)

• Dollar hovers near 3-week high before Fed (more)

• Gold holds two-day decline ahead of expected rate cut (more)

• Oil eases from highest in week (more)

• Hedge funds turn more bullish on gasoline (more)

• Asia wary of Fed rate future, China data disappoints (more)

• Broadcom hits trillion-dollar valuation on forecasts for AI demand (more)

• Nippon Steel’s plan B now in focus as $14 Billion US deal falters (more)

• T-Mobile announces $14 bln share buyback program (more)

• Amazon workers authorize strike at company's first unionized warehouse (more)

• Social Security retirement age set to change in 2025 (more)

• Happy 400th birthday to the world’s oldest bond (more)

TOGETHER WITH LONG ANGLE

DEALFLOW

M+A | Investments

• Bonobos owner nears deal for wedding-dress brand Vera Wang (more)

• Billionaire Justin Ishbia weighs bid for MLB’s Minnesota Twins (more)

• Textor said to weigh selling Eagle Football stake to Sportsbank (more)

• Together AI, an AI acceleration cloud provider, acquired CodeSandbox, a startup specializing in cloud devboxes (more)

• LiveFreely, a digital health technology company, acquired Sompo Horizon, a caregiving benefits provider (more)

• Upbound Group, Inc. (UPBD), a tech and data-driven company specializing in accessible financial products, acquired Brigit, a financial health technology company (more)

• LoopMe, a tech company using AI to improve brand advertising results, acquired Chartboost, a mobile advertising and monetization platform, from Zynga (more)

VC

• Archer Aviation, an aviation technology company, raised additional $430M in additional equity capital (more)

• Zest AI, a leader in AI lending technology, received a $200M growth investment from Insight Partners (more)

• Cartesia, a developer of real-time multimodal intelligence for every device, raised $22M in funding (more)

• Alessa Therapeutics, a clinical-stage drug development company, raised $15M in Seed funding (more)

CRYPTO

• Bitcoin rises to record after longest weekly winning run since 2021 (more)

• Saylor''s MicroStrategy to enter Nasdaq 100 (more)

• Miners are adopting the same Bitcoin acquisition strategy as MicroStrategy (more)

BULLISH BITES

📈 Next Wave: Is your portfolio prepared for AI 2.0? *

👍 2025 in Tech: Who’s in and who’s out.

💼 Going, Going: Amazon and the endangered future of the middle manager.

🤖  Sorry, Mad Men: AI is coming for advertising.

🤫 Shhh: The closely guarded secrets of Manhattan doormen.

DAILY SHARES

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