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Will Santa visit Wall Street?
Bulls wish for a 'Santa Claus rally' as 2024 comes to close, Biden signs bill funding government through March, the next great leap in AI is crazy expensive, Starbucks workers expand strike, and Palantir, Anduril in tech group seeking Pentagon jobs...
Market Briefing
December 23, 2024
In partnership with
Happy Holidays.
Note: Market Briefing will be paused December 25-26, and January 1, 2025 ✨
The Fast Five → Bulls wish for a 'Santa Claus rally' as 2024 comes to close, Biden signs bill funding government through March, the next great leap in AI is crazy expensive, Starbucks workers expand strike, and Palantir, Anduril in tech group seeking Pentagon jobs…
"This looks and feels like 2000"...
That's what investing legend Rob Arnott recently told Business Insider about the current bull run in stocks.
He's talking about the year the dot-com bubble popped, and sent the Nasdaq crashing 78%.
Calendar: (all times ET) - Full calendar
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Your 5-minute briefing for Monday, December 23:
BEFORE THE OPEN
As of market close 12/20/2024. Bitcoin as of 12/22/2024.
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.
Market Wrap:
Stock futures rise ahead of holiday week; Dow +100 pts, S&P +0.3%, Nasdaq +0.4%.
December: Dow -4.6%; Nasdaq +.8%. Cooler inflation eased Fed rate worries.
NYSE closes early tomorrow, closed Christmas; light trading expected.
Santa Claus rally? S&P averages +1.3% late Dec-early Jan.
Biden signs bill, avoiding shutdown; funds govt for 3 months.
EARNINGS
No noteworthy earnings reports scheduled for release this week. See full calendar »
HEADLINES
Bulls are hoping Santa puts a bow on the strides the stock market has made so far in 2024.
Palantir and Anduril are in talks with about a dozen competitors to form a consortium that will jointly bid for US government work.
Biden signs bill funding government through March (more)
Global funds shift from emerging markets to US equities on strong dollar (more)
Dollar steady after benign US inflation eases worries over rates (more)
Gold steadies as markets weighs outlook for US interest rates (more)
Oil prices firm on hopes of US policy support for economic growth (more)
Asia shares rally on US inflation relief (more)
Risks stack up for the global economy in 2025 (more)
Google offers to loosen search deals in US antitrust case remedy (more)
Next great leap in AI is behind schedule and crazy expensive (more)
Starbucks workers expand strike in US cities, including New York (more)
Murdoch’s News Corp to sell Foxtel to Britain’s DAZN for $2.1 billion (more)
Party City closing all stores after 40 years in business (more)
TOGETHER WITH THE OXFORD CLUB
Man Who Called Nvidia at $1.10 Says Buy This Now...
This company signed a major deal with Apple
Nvidia has invested more in this one company than any othe
And its tech is found in products from Samsung and Google
- Shortened briefing during holiday -
The Dealflow, Crypto, and Bullish sections
will resume on January 2, 2025. Happy holidays!
DAILY SHARES
Imagine explaining to your boomer grandpa why Fox Business is talking to the Rizzler about Fartcoin and the economy
— litquidity (@litcapital)
8:53 PM • Dec 22, 2024
Guess who might get an early pardon from President Biden.
The #2 largest donor to the Democrats ...
— Wall Street Mav (@WallStreetMav)
2:15 AM • Dec 23, 2024
Newest public transit advertisements. 😂
— Autism Capital 🧩 (@AutismCapital)
12:14 AM • Dec 23, 2024
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