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

🟩🟩🟩🟩🟩🟩 📈 BULLISH 82% (Last week: 79%)
🟨⬜️⬜️⬜️⬜️⬜️ 📉 BEARISH 18% (Last week: 21%)
Results from Sunday’s poll

Comments:
📈 “End of year. New president. Change coming”
📈 “Money will move from European stocks to US stocks”
📈 “Seasonal strength coupled with breakout sector momentum, especially in AI and Bitcoin”
📉 “With inflation not changing greatly and people's wages not increasing, spending will decrease”
📈 “Trump's excitement will last for a few months”

BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
↑ 48.33% for Week of December 05 2024*

Market Wrap:

• Futures steady ahead of key inflation data this week.

• S&P, Nasdaq up 0.96% and 3.34% last week; Dow down 0.6%.

• CPI report Wednesday: Nov. inflation expected at 0.3% (MoM), 2.7% (YoY).

• Fed likely to cut rates Dec. 18; CME tool shows 85% odds.

• Oracle earnings due Monday after the close.

EARNINGS

Here’s what we’re watching today. Full Calendar »

• Today: Oracle (ORCL)

  • Toll Brothers (TOL) - earnings of $4.34 per share (+5.6% YoY) on $3.2B revenue (+5.0% YoY)

• Tuesday: GameStop (GME)

• Wednesday:

  • Adobe (ADBE) - earnings of $4.67 per share (+9.4% YoY) on $5.5B revenue (+9.8% YoY)

• Thursday: Costco (COST)

  • Broadcom (AVGO) - earnings of $1.39 per share (+25.2% YoY) on $14.1B revenue (+51.3% YoY)

HEADLINES

Trump Says He Won't Remove Fed Chief Jerome Powell

AI’s Growth is Just Getting Started, Says BlackRock’s ETF Head

• S&P rises to a record close Friday, posts third straight winning week (more)

• US House to vote on $3 billion to remove Chinese telecoms equipment (more)

• BRICS have no interest in weakening USD, Indian foreign minister says (more)

• Gold rises after PBOC resumes buying and Syria aids haven demand (more)

• Oil edges up as rising Mideast tensions offset demand fears (more)

• Traders brace for more volatility on Korea’s political stalemate (more)

• Yuan, Euro rout points to losses for emerging-market currencies (more)

• Walmart, Amazon holiday spending rise as Target, Best Buy stumble (more)

• Super Micro Computer gets extension to file delayed annual report (more)

• Palantir, Anduril sign partnership for AI training in defense (more)

• BYD on track to top 2024 sales goal and outsell Ford, Honda (more)

FROM STANSBERRY RESEARCH

Wall Street Warns: Stocks Could Be "Dead Money" For Next 10 Years

Despite recent rallies, big banks such as JP Morgan, Goldman Sachs, GMO, and Apollo Global Manage are warning that stocks could now be dead money - for the next 10 years.

At the same time, well-connected billionaires like Warren Buffett have been selling off US stocks at an alarming rate.

Today, one of America's most trusted market experts is stepping forward to explain what's really going on behind the scenes of this bull market - and why, even if you're sitting on large gains right now, you could soon face losses of 50% or more if you do nothing.

DEALFLOW

M+A | Investments

• Advertising firms Omnicom and Interpublic nearing merger that would reshape industry (more)

• Novo wins EU approval for deal to acquire Catalent Plants (more)

• Aviva set to buy Direct Line to create $21 billion British insurer (more)

• CVC said to explore takeover of German software firm CompuGroup (more)

• Green Rebates, an incentive management company for the horticulture industry, acquired Synergy, a company delivering energy rebates to indoor horticulture customers (more)

• Uniphore, a company specializing in Enterprise AI, acquired data companies ActionIQ and Infoworks (more)

• Huron (HURN), a professional services firm, acquired AXIA Consulting, a provider of supply chain-focused consulting and technology solutions (more)

• SmartBear, a provider of software quality and visibility solutions, acquired QMetry, a comprehensive AI-enabled digital quality platform (more)

VC

• Sage, an operations management platform for senior living, raised $35M in Series B funding (more)

• Lucra, a company specializing in social gamification technology, raised $10M in funding (more)

CRYPTO

• 88 countries to join Bitcoin MENA in UAE (more)

• US Treasury acknowledges Bitcoin as ‘digital gold’ in fiscal report (more)

• Traders watch DOGE, SUI, PEPE and FTM as Bitcoin range trades near $100K (more)

• Is it too late to buy bitcoin after it hit $100,000? (more)

BULLISH BITES

🚨 Investor Alert: Why are billionaire investors now worried – and selling? *

🚀 Bezos vs. Musk: Space tycoons with dueling visions for humanity's survival.

👀 Watching: The four startups from YC’s Fall batch that enterprises should pay attention to.

💡  Insight: A sociologist shines a light on traders, flash boys and online adtech.

🎁  Gift Idea: The "Rich Guy Jacket."

DAILY SHARES

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