🗠 "Disinflation" Is Around The Corner Says...?

Good morning. US stock futures ticked higher in Tuesday morning trading as investors mull over signs of cooling inflation and a pull back in Treasury yields.

📈 Goldman Sachs gets bullish for 2024

📝 Our report: One of Wall Street’s biggest banks is getting mighty bullish on the economic and stock market outlook for 2024! With inflation falling faster than many initially projected, the Federal Reserve taking a dovish turn, and bond yields sinking, Goldman Sachs now sees the S&P 500 closing out 2024 at a record level of 5,100.  

 🔑 Key points:

• The bank's chief economist Jan Hatzius said that the world economy has now entered a period of "Great Disinflation" that will enable policymakers to start cutting borrowing costs in early 2024.

• Goldman is forecasting that the Fed will slash rates by 25 basis points three times in a row between March and June and then ease twice more over the second half of the year.

• Hatzius' latest outlook comes after chair Jerome Powell signaled that rate cuts are likely to come sooner and be more swift than the market had previously expected, after the US inflation rate slowed to 3.1% last month.

💡 So what: When interest rates take a nosedive, it's like giving the stock market a shot of adrenaline. Lower rates mean cheaper borrowing, boosting spending and investment. Companies often enjoy lower costs, and consumers are more willing to splash the cash.

Tuesday - No Major Economic News

Wednesday - No Major Economic News

Thursday - Initial Jobless Claims (wk end Dec 15), US Leading Economic Indicators, US GDP (revision)

Friday - Consumer Sentiment

 📈 This is the secret to investing success according to George Soros

💸 Here’s how you set good money examples for kids!

🤝🏽 US, EU extend trade truce

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💔 $20 billion merger squashed!

WHAT: Adobe and Figma just had their merger dreams crashed by the regulatory police – no $20 billion wedding bells, just a breakup note! In a joint statement, the two companies said, “there is no clear path to receive necessary regulatory approvals from the European Commission and the UK Competition and Markets Authority.”

WHY: Adobe first announced it would acquire Figma in September 2020 in a cash-and-stock deal worth about $20 billion. Adobe will pay Figma a $1 billion breakup fee, Adobe said in a regulatory filing.

⌚ Apple puts the brakes on smartwatches

WHAT: Apple's smartwatch just got caught up in a holiday drama! It's taking an unexpected vacation from the U.S. market, courtesy of a patent dispute. The company is preparing for a looming ban of Apple Watch models with a blood oxygen sensor — a feature first added to the lineup in 2020 — that Masimo Corp. says it invented.

WHY: The International Trade Commission ruled in October that Apple violated Masimo patents and would need to halt sales of infringing devices. The patents relate to how the watches calculate a person’s blood oxygen saturation.

💰 Crypto firm ordered to pay billions in fine

WHAT: Looks like Binance got a crypto-sized reality check from Uncle Sam! A U.S. court entered an order against the crypto exchange and its former CEO, Changpeng Zhao, approving billions of dollars in fines for money laundering following a case brought by the U.S. Commodity Futures Trading Commission.

WHY: The court imposed a $150 million civil monetary penalty personally against Zhao, and required Binance to disgorge $1.35 billion of ill-gotten transaction fees and pay a $1.35 billion penalty to the CFTC, according to the agency.

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