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 _{^{Whats Moving the markets}} 
🎅 Santa Claus is coming to town
 

Merry Xmas and happy holidays ! 🎄 S&P 500 notches 8th-week winning streak. The longest in +5 years! Investors are eager for the so called “Santa Claus Rally” this phenomenon is where markets surge during the last 5 days of the year. I made a video on this subject on my instagram, you can watch it again below ⬇️. The S&P 500 manage to close +0.57% with Google & Meta leading the week.

The Canadian market rallied with the TSX gaining +1.64% with the banks leading the gain.

🥵 Inflation Nation

This months Canadian 🇨🇦 inflation came in at 3.1%. Last month was also 3.1%. Peak inflation was 8.1%. The lowest reading we got this year was 2.8% in July.

🎅 Why do stocks go up in December?

bdinvestingg

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^{_{Headlines you need to know}} 📰
 🤖 RBC gets approval for $10 billion purchase of HSBC Canada

🇺🇸 Nancy Pelosi buys NVDA Calls

Nancy Pelosi Speaker of the United states House Represenatives just bought $5M of $NVDA calls with a strike price of $120 and expiration date of 12/20/24. This is her largest purchase in over 3 years and her portfolio is up 50% this year 🫠 Should government officials be allowed to trade?

🕹️ Largest gaming companies

🚀 10 best performing 🇨🇦 stocks

• OpenAI in talks to raise new funding at $100 Billion valuation

• NASDAQ 100 hits another record high

• “Buy Now, Pay Later” Affirm rolled out at thousands of Walmart stores through self-checkout. Affirm stock up +407% YTD

• Nike down -11% after missing sales estimates and cutting outlook

• Electric scooter company Bird files for bankruptcy protection (peak valuation $2.5B)

• FEDEX stock down -11% as Q2 profits missed expectations. Outlook lacks “visibility” and Citi analyst called it “vague”

• Tencent drops -16% - most since 2008 (one of China’s biggest tech companies)

₿ Crypto Corner

• BTC went over $44k this week

• Solana hit a 52 week high at $99

• Galaxy Digital CEO says a Spot Bitcoin ETF will be approved before January 10th

• Grayscale CEO says Spot Bitcoin ETF approval would unlock $30 trillion worth of advised wealth for Bitcoin

• Representatives from BlackRock, Nasdaq, and the SEC met to discuss rule changes necessary to list the Bitcoin ETF

• El Salvador passes law to grant citizenship to foreign #Bitcoin investors.

• CRYPTO STOCKS rallied this week including mara,riot and HUT

Oh Canada 🇨🇦

• The Bank of Canada has said that one-third of new mortgages had a debt service ratio of more than 25%, an all time high, per the Globe.

• Canada to give Toronto, Canada over C$471 million to help fight housing crisis, per Reuters.

• Housing affordability in Canada is at worst levels in 41 years, Bank of Canada index has said.

• Canada is so expensive that some Ukrainian immigrants are leaving, per Bloomberg.

• Canada will require all new cars to be zero emissions vehicles by 2035

• Macklem Sees Bank of Canada Cutting Rates Sometime in 2024

🗓️ Important dates for Canadians

Economics 📊

With the feds favorite tool the core PCE, we are seeing inflation easing & the Feds pausing the interest rates & even making cuts in the future.

• 85% chance for a interest rate pause in January

• Gas prices in the U.S. fall to the cheapest level of the year

• Used car prices in the US are at their lowest levels in +2 years

  

  85% chance for a interest rate pause in January

  🚨 Warning market pullback detected

   
  Nov-Dec (this month) inflation came at 3.1%. According to the Cleveland Fed we are seeing a forecast of inflation going up to 3.3% for the January 11 report. Core cpi was 4% this month and the forecast in January is 3.9-4% (no change). Mid January is often a bad month for stocks and now we found our negative catalyst for the next pull back. Why ? Because when inflation ticks up even a little bit the bond market panics and 2/10y yields shoot up aka interest rates which then forces people to pull money out of the stockmarket.

  

  CPI most likely goes up for January 11 report

BD investing Discord 👥

This week we went 6/11 on our trades. Wednesday’s flush really put a number on us when the market randomly dropped 1-2% This was the most I’ve lost this year , never lost more then 2 trades in MONTH let alone 5 but no worries small setback for a major comeback 👿 However our crypto gains cushioned the blow and the members won on under trades (look below)

• 18/12 Meta 70%✅

  18/12 AMZN 76% ✅runner 130%

  19/12 $AMD 145C 25%✅

   19/12 $MARA 22C 38%✅

  19/12  $GOOGL 145C 25% ✅ runner 126%

  MSFT 380c ❌

  apple 200c ❌

  amd 142c❌

  TSLA 270C❌

  BAC 34.5C ✅ 60% ❌runner -99%

  C 52C❌

Make sure to go checkout my website. bdinvesting.org 

Meme Spot 🤣