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⏰ Read time 5 mins

 _{^{Whats Moving the markets}} 
🚀 Feds pause rates as inflation crumbles
 

Good morning ! Nasdaq & the Dow Jones all hit new all time highs after fed Jerome Powell was dovish on his interest rate pause. 🍎 Apple stock also closed at all time highs. The market manage to close +2.67% as of Thursday night.👍️ 

The Canadian market also rallied thanks to money flowing into high growth & high debt stocks like utilities & real estate. TSX did +2.69% as of Thursday night.

Fun fact:

• 🇺🇸 America's main stock market index, the Dow Jones, reached an all-time high.

• 🇩🇪 Germany's main stock market index, the DAX, has also hit an all-time high.

• 🇫🇷 France's main stock market index, the CAC, has recently achieved an all-time high as well.

• 🇮🇳 

  India's main stock market index, the NIFTY, has just reached an all-time high.

🥵 Inflation Nation

This months US 🇺🇸 inflation came in at 3.1%. Last month was 3.2%. Peak inflation was 9.1%. The lowest reading we got this year was 3.0% in July.

🎅 Why do stocks go up in December?

bdinvestingg

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  ^{_{Market updates}}
 📈 Nasdaq 100/ S&P 500 is rebalancing

Stocks being removed:

• Lucid $LCID

• Zoom $ZM

• $EBAY

• Enphase $ENPH

• Align $ALGN

• $JD

  Stocks being added:

• MongoDB $MDB

• DoorDash $DASH

• Splunk $SPLK

S&P 500 Share count reduction

• Apple 0.5%

• Google -1.3%

• COmcast -2.4%

• Exxon Mobil -1%

• Visa -0.8%

🚨 Bullish signal??

🐂 S&P 500 Volatility Index (VIX), commonly called the market’s fear gauge, hit new lows. Historically when the VIX is trading this low its a bullish sign !

 🚚 WASTE MANAGEMENT $WM JUST INCREASED ITS DIVIDEND AND ANNOUNCED A NEW SHARE BUYBACK PROGRAM

$WM just declared a quarterly dividend of $0.75 per share up 7.1% from its previous dividend of $0.70 per share WM also just announced a new $1.5B share buyback program. Garbage disposal is an essential business and is going nowhere.

📦️ Costco Declares $15 special Dividend

Costco will pay an additional $15 dividend to shareholders for each share they own on January 12 2024.

Insider Trades 📰 

Sells by executives isn’t always a red flag, people can sell for many reasons. But people only buy for one reason. 👀 I share more insider sales in my discord. Bdinvesting.org 

^{_{Headlines you need to know}} 📰
 🤖 Warren Buffett’s Berkshire Hathaway continues to sell HP shares

Berkshire Hathaway reduces HPQ stake from 11.4% to 5.2%, worth $3.32b to $1.83b. Suggests strategic portfolio realignment due to changing market dynamics and tech sector risks.

📺️ Teens are addicted to Youtube & Tiktok

More than 15% of teens say they’re on YouTube or TikTok ‘almost constantly’ (CNBC)

📺️ Netflix is the most popular streaming service

If I had to be honest, Netflix and YouTube are the only two platforms I use to watch movies and videos. The only time I used Amazon Prime was for Lord of the Rings. I also occasionally use Crave to watch Game of Thrones, but that's about it!

• Hasbro $HAS is cutting nearly 20% of its workforce or ~1,100 employees as weak sales for toys

• GOOGLE $GOOGL LOSES ANTITRUST CASE BROUGHT BY EPIC GAMES

• TikTok users spend over US$11 million a day tipping their favourite creators

• Lucid Group fell 8% after announcing that its chief financial officer, Sherry House, is stepping down, effective immediately.

• Microsoft Is Backing Nuclear Power to Meet Growing Power Needs -- WSJ

• India has overtaken Hong Kong to become the world's seventh largest stock market, per CNBC.

• PFIZER SHARES FALL 7.5% AFTER 2024 SALES FORECAST BELOW ESTIMATES, NOW AT 10 YEAR LOW

• Tesla's Stock fell Following Recall of 2 Million Units Due to Autopilot Flaws

₿ Crypto Corner

• Bitcoin fell below $41,000 but currently trading near 43k

• Senator Elizabeth Warren introduces bill to crack down on crypto.

• President Donald Trump releases new 'Mugshot' NFT collection

• KuCoin, one of the world's largest crypto exchanges, has agreed to block New York users from its platform

Oh Canada 🇨🇦

• Google to help defend Canadas online infrastructure

• Canadas new dental the program will provide dental benefits to Canadians with no private insurance and a household income below $90,000 per year.

• Employees across Quebec’s public sector, including teachers and nurses, are on strike this week in Quebec.

• $2.1 billion. How much Canadian wireless companies spent to buy up 5G bandwidth in the federal government’s spectrum auction last month

• Mass immigration to Canada eases inflation but strains housing markets, causing rent inflation to reach a 40-year high, says the Bank of Canada.

• Tesla will recall around 193,000 vehicles in Canada due to issues with its autopilot function. Tesla will resolve the problem by issuing an over-the-air software update to address the advanced driver assistance features.

• Investors now own more than 50% of Toronto’s, Canada, new condos, per the Toronto Star.

🧑‍🎓 Canada to limit study permits for international students, raise financial requirement, per the Toronto Star.

Economics 📊

With inflation easing & the Feds pausing the interest rates the US economy is looking better for a soft landing. Janet Yellen also said “The economy, is on track for a soft landing & gives no reason to believe that inflation shouldn't decrease to 2%.

• Fed holds rates steady, indicates three cuts coming in 2024

• J Powell : It is likely we wont hike further

• We are very focused on "not making that mistake" of holding onto high rates too long. - Powell

• U.S. Inflation Expected To Be Steady In Coming Months: Goldman Sachs

• Us new-vehicle prices fell 1.5% from a year ago but increased from the prior month.

• The average price was $48,247, Kelley says. The average price paid for a luxury vehicle in November was $63,235, while non-luxury models averaged $44,417,

BD investing Discord 👥

This week was filled with longterm stock gains. BD gave the signal to start investing heavy into stocks from January to March. As for trades we went 3/4

• -66% on Mara❌,

• 70% on AMD✅ Runner 130% 🚀 

• 30% on AAPL✅ Runner 50%

• 50% on TSLA ✅ runner 120%

Make sure to go checkout my website. bdinvesting.org 

Meme Spot 🤣