| | *past 24-hour performance |
| I hope you’ve had a restful and regenerative break. Last year was tough for a lot of folks, and 2024 looks even more trying. | If you missed them, check out the first two issues of our special three-part series: | The worst investments of 2023 The best investments of 2023 The best investments for 2024 (Coming Wednesday) |
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| | 📰 Market Headlines | After a nine-week winning streak to close out 2023, it looks like exhaustion may be setting in. Key figures to watch out for this week: October construction spending today. Analysts forecast a 0.5% rise against 0.4% in September. November job openings Wednesday. Analysts forecast a slight increase over October. December jobs report Friday. Analysts estimate 150k, while Kalshi has it at around 175k. Unemployment is expected to tick up to 3.8%, while Kalshi is slightly lower at 3.7%. Oil prices continued to rise as Iran sent a warship into the Red Sea. Bitcoin topped $45k for the first time in two years. While the likelihood of a Trump conviction rises, each of his major challengers has stepped in to say they would pardon him. |
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| | 🕶️ Market Vibes | 🎰 Market Forecasts and Futures | Forecasts come from Kalshi, our favorite prediction market. Get $25 with this link. | | | 😱 Fear and Greed Index | | | 🧠 What do you think? | Will 2024 be better or worse for you and your family? | |
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| 🎤 What you said last time | Your responses line up pretty well with what the sportsbooks are saying. Most people think Trump will win this year. |
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| | | 📊 Stocks | | Want to invest like Buffet? With Public.com, you can emulate Berkshire Hathaway’s portfolio with just a few clicks. | Winners and losers | Earnings, upgrades, and acquisitions | Crispr Therapeutics was downgraded. Avangrid has canceled its $8.3 billion merger deal with PNM Resources because it wasn’t able to get the required regulatory clearances. | Market movers | The US Congress is considering Medicaid users to pay for mental health and substance abuse facilities. The Dutch government has blocked chipmaker ASML from exporting its sensitive tech to China. Fidelity has further written down its stake in X (Twitter). It’s now down 71% since Musk’s acquisition. | Ideas, trends, and analysis |
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| JD.com was awful in 2023. Will it rebound in 2024? This Little-Known Artificial Intelligence (AI) Stock Could Go Parabolic in 2024. Amazon is at an ATH but still has room to run. |
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| | | | | | 🌍 Global Perspectives | 🇨🇿 Korea will abolish capital gains taxes on investments. | 🇨🇿 Unrelated, a Korean opposition leader was stabbed in the neck. | 🇸🇬 Singapore’s GDP is accelerating. | 🇪🇹 🇸🇴 Landlocked Ethiopia signed an agreement with the breakaway Somali region of Somaliland to access the Somaliland coastline. | 🇮🇷 🇸🇦 🇦🇪 🇪🇬 🇪🇹 Iran, Saudi Arabia, the United Arab Emirates, Egypt, and Ethiopia will join the BRIC trade coalition. I don’t suppose they’ll change the name. | 🇯🇵 A 7.6-magnitude earthquake hit western Japan on Monday, killing at least 48 people and triggering fire, power outages and demolishing buildings. | 🇬🇧 UK discount retailers Aldi and Lidl reported record earnings amid a cost of living crisis. Grocery inflation stuck at 4.3% for the month. |
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| | 💎 Wealth Watch | The EVs and hybrids that still qualify for a tax credit in 2024. Gen Z no longer sees homeownership as an aspiration and is increasingly balking at mortgages to rent in luxury amenity-filled apartments instead. |
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| | 🗳️ Outside the Box | Try these apps to reach your New Year’s resolutions. Colorado legalized marijuana ten years ago. How’s it gone? Disney’s Steamboat Willie has finally entered the public domain. Also, the original German language version of All Quiet on the Western Front, and Lady Chatterley’s Lover, among many others. | | You can’t sue me for using this image anymore. |
| American driving habits have changed due to COVID-19, and more people are dying because of it. |
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| | 📺 What to Watch Today | | Celebrations around the world welcome in 2024 |
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| | 📈 Trends you need to know | Search results are from our friends at Glimpse, my favorite way to spot trends. | |
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| There’s a lot of attention on America’s southern border, but more Americans are moving to Mexico than ever. |
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| | That’s all for today. Did we miss anything? Smash the reply button to let us know. | Cheers, | Wyatt |
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