On the verge

Apple on verge of becoming first $4 trillion company, China’s EV sales set to overtake traditional cars, big banks sue the Fed, Nvidia sees ‘remarkable’ influx of retail investor dollars, and Larry Ellison wraps up banner year...

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Market Briefing
December 27, 2024

 

Good morning.

Note: Market Briefing will be paused January 1, 2025 ✨

The Fast Five → Apple on verge of becoming first $4 trillion company, EV sales set to overtake traditional cars in China, big banks sue the Fed, Nvidia sees ‘remarkable’ influx of retail investor dollars, and Larry Ellison wraps up banner year…

A rare pattern has just repeated for the third time in US history. 

The last two times this happened, the market crashed 78% (the dot-com bust) and 89% (the Great Depression). 

Today, according to one of America's leading experts (who has predicted nearly every financial crisis of the last 25 years), what's coming next could soon crash the market by 50% or more, and keep it down for 10, 20, or even 30 years. 

To learn more... Click here for all the details. 

Calendar: (all times ET) - Full calendar

  • Today:
    Advanced retail and wholesale inventories, 8:30A

  • Monday:
    Pending home sales, 10:00A

Your 5-minute briefing for Friday, December 27:

BEFORE THE OPEN

As of market close 12/26/2024.

Pre-Market:

US Investor % Bullish Sentiment:
↓ 40.71% for Week of December 19 2024

Previous week: 43.33%. Updates every Friday.

Market Wrap:

  • Dow gained 0.07% after erasing a 182-pt drop. S&P and Nasdaq dipped slightly.

  • Santa rally lifts S&P 1.8% and Nasdaq 2.3% this week.

  • Jobless claims at 219K, but continuing claims hit 1.91M, highest since Nov 2021.

  • December: Nasdaq +4.2%, S&P flat, Dow -3.5%, its worst month since April.

  • UBS: Santa rally intact, but light holiday trading may not predict January trends.

EARNINGS

No noteworthy earnings scheduled for release this week. See full calendar »

HEADLINES

The company has pulled ahead of Nvidia and Microsoft in the race to the monumental milestone, thanks to an about 16% jump in shares since early November.

Electric vehicles are expected to outsell cars with internal combustion engines in China for the first time next year.

  • Wall Street flat as rising yields pressure megacap stocks (more)

  • US holiday retail sales stronger than last year (more)

  • 10-yr Treasury yield rises above 4.6% as investors digest jobless data (more)

  • Gold rises on safety demand as markets look to 2025 in holiday lull (more)

  • Oil prices ease as markets weigh China stimulus hopes (more)

  • Average 30-yr mortgage rate climbs to 6.85% (more)

  • Nippon Steel pushes deadline to close US Steel deal as Biden mulls decision (more)

  • Biggest banks sue the Fed over annual stress tests (more)

  • Nvidia sees ‘remarkable’ influx of retail investor dollars flock to AI darling (more)

  • Larry Ellison wraps up banner year as Oracle’s stock rallies most since dot-com boom (more)

  • Netflix attracts 24M viewers to first Christmas NFL games (more)

  • Alibaba, E-Mart to create $4 billion e-commerce JV in Korea (more)

TOGETHER WITH THE MOTLEY FOOL

AI-ighty Potential

Dubbed the "the rocket fuel of AI" by Wired, this groundbreaking innovation has sparked fervent excitement across Wall Street. And with projections soaring to a potential market cap of $80 trillion – equivalent to 41 Amazons – the magnitude of its impact cannot be overstated.

But here's the real deal: nestled within this tech revolution lies an opportunity for sharp investors to invest in a remarkable company poised to dominate its corner of this burgeoning market.

And thanks to The Motley Fool, the full narrative of this extraordinary tech trend has been compiled into an exclusive report, designed to arm you with the insights needed to make informed investment decisions.

- Shortened briefing during holiday -
Dealflow, Crypto, and Bullish sections
will resume on January 2, 2025. Enjoy the holiday!

DAILY SHARES

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