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Treasury hacked
Classified docs stolen from US Treasury by Chinese hackers, US announces $5.9 billion aid to Ukraine, BlackRock’s Bitcoin Fund became ‘greatest launch in ETF history’, Gold on track for best year in over a decade, and NYSE to close on Jan. 9 in honor of the late former President Jimmy Carter...
Market Briefing
December 31, 2024
Good morning.
Happy New Year! 🎉
The Fast Five → Classified docs stolen from US Treasury by Chinese hackers, US announces $5.9 billion aid to Ukraine, BlackRock’s Bitcoin Fund became ‘greatest launch in ETF history’, Gold on track for best year in over a decade, and NYSE to close on Jan. 9 in honor of the late former President Jimmy Carter…
Unveiled: NVIDIA's "Secret Royalty" Program
"Civilization will crumble" without this company. - Elon Musk
This investment will give you the opportunity to collect what amounts to a "royalty" every time someone makes a computation...
Calendar: (all times ET) - Full calendar
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Your 5-minute briefing for Tuesday, December 31:
BEFORE THE OPEN
As of market close 12/30/2024.
Pre-Market:
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US Investor % Bullish Sentiment:
↓ 40.71% for Week of December 19 2024 *
Previous week: 43.33%. Updates every Friday. *Delayed update due to holiday
Market Wrap:
Futures dip as 2024 ends
S&P +23.8% YTD, Nasdaq +29.8%, Dow +13%, powered by AI and rate cuts.
Nvidia, Apple lead tech rally, pushing indexes to records.
Fed cut rates by 100 bps since September; slower cuts expected in 2025.
December sees profit-taking; Dow -5.2%, S&P -2.1%, Nasdaq +1.4%.
EARNINGS
No noteworthy earnings scheduled for release this week. See full calendar »
HEADLINES
The hacker was able to remotely access “certain unclassified documents maintained by those users” in the Dec. 8 incident.
The iShares Bitcoin Trust (IBIT) smashed industry records in its launch year of 2024. In just 11 months, it grew to a behemoth with more than $50 billion in assets.
NYSE to close on Jan. 9 in honor of the late former President Jimmy Carter
Wall Street ends sharply lower on penultimate trading day of a strong 2024 (more)
Treasury yields fall as final trading week of 2024 kicks off (more)
Value-seekers drove 2024’s retail trends and dead ends (more)
Dollar stands tall in 2024, propped up by cautious Fed, Trump trade (more)
Gold on track for best year in over a decade (more)
Oil rises on Chinese factory activity, but set to end year lower (more)
Natural-gas prices soar on frigid forecast (more)
US pending home sales hit 21-month high in November (more)
China Dec factory activity expands at slower pace as trade risks rise (more)
US announces $5.9B in military and budget aid to Ukraine (more)
US files complaint against fintech app Dave and its CEO (more)
Bill Ackman expects Trump to privatize Fannie Mae and Freddie Mac (more)
MicroStrategy falls as much as 6% after latest bitcoin purchase (more)
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- Shortened briefing during holiday -
Dealflow, Crypto, and Bullish sections
will resume on January 2, 2025. Happy New Year!
DAILY SHARES
My Uber driver just lost everything. Pray for me!
— Not Jerome Powell (@alifarhat79)
2:25 AM • Dec 31, 2024
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