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Good morning. US stock futures dipped in Tuesday morning trading as investors prepared for a key inflation report.

🤖 Investors end recession speculation, turn bullish according to survey

📝 Our report: Global investors are feeling bullish like never before, with confidence levels hitting a two-year high! According to a recent Bank of America (BofA) survey, investors no longer expect a recession, as confidence grows in the underlying resilience of the global economy.  

 🔑 Key points:

• "Expectations for strong macro and no recession keep investors in the "soft landing" camp at 65%, with "hard landing" probability fading to just 11%," BofA said. Last month, 79% predicted a soft- or no-landing outlook, while 17% called for a hard landing.

• Markets are pricing for a series of interest-rate cuts this year from the major central banks. The Federal Reserve has pushed back against some of this optimism and recent data has not argued in favour of prompt cuts either.

• Investors have also gone all-in on technology stocks. According to the survey, tech allocation is at its highest since August 2020 and fund managers believe that "long Magnificent 7" - a notional basket of the seven biggest U.S. companies by market value that includes Apple and Microsoft - is the most crowded trade right now.

💡 So what: Investor confidence is pivotal to economic dynamics as it influences capital allocation, market stability, consumer behavior, business sentiment, and policy effectiveness. When investors are optimistic about the economy's prospects, they allocate capital to new ventures, stimulating economic activity and growth. High investor confidence fosters stability in financial markets, encouraging further investment and economic development.

Tuesday - Consumer Price Index

Wednesday - Chicago Fed President Austan Goolsbee Speaks

Thursday - Initial Jobless Claims, Atlanta Fed President Raphael Bostic Speaks

Friday - Consumer Sentiment, Producer Price Index

💰 Investing legend Phil Fisher shares these 10 tips for every investor!

📖 New to investing? These are the 13 best books to guide your journey!

💳 Here are 5 credit card trends to watch for in 2024!

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💰 Bitcoin touches highest level in over two years

WHAT: Bitcoin just pulled off a financial high jump! It soared past the $50,000 mark for the first time in over two years, riding on the hopes of interest rate cuts and a recent thumbs-up from regulators on U.S. exchange-traded funds tracking its price.

WHY: The U.S. securities regulator on Jan. 10 approved the first U.S. spot bitcoin ETFs, a watershed for the world's largest cryptocurrency and the broader crypto industry, which had been trying to bring such a product to market for more than a decade.

🔨 Musk ordered to testify in Twitter acquisition probe

WHAT: Elon Musk is back in the hot seat! A judge has summoned him for the third round of testimony in the Securities and Exchange Commission's investigation into his Twitter takeover. Magistrate Judge Laurel Beeler issued an order giving Musk, his team and the SEC a week to agree on a date and location for Musk’s testimony.

WHY: The SEC has been conducting a fact-finding investigation into the period before Musk’s Twitter takeover, when the San Francisco-based social media company was still publicly traded. The agency said it has not concluded any federal securities laws were violated.

🤖 Google ponies up millions to boost AI skills in EU

WHAT: Google's throwing some cash into the AI wisdom pool! They're dishing out 25 million euros ($26.9 million) to help folks in Europe master the art of artificial intelligence. The company said it would also run a series of “growth academies” to support companies using AI to scale their companies and has expanded its free online AI training courses to 18 languages.

WHY: Last month, Google announced it would invest $1 billion into building a data centre just outside of London, as it moves to meet growing demand for internet services in the region.

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