Last week was huge in a lot of ways

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Huuuuuuge Week…

I’ve been working in finance for 15 years and this was one of the craziest I have EVER seen!

Let’s recap!

- S&P rallies +2.7% now only 1.6% away from RECORD high!

- DOW & NASDAQ 100 hit all-time highs

- FED holds rates unchanged – expects 3 rate cuts in 2024

- FED member John William goes on CNBC and says “premature” to be thinking about March rate cut

- Volatility hits a 4-year LOW

- Retail investors are buying the most stocks since March 2022

- Jim Cramer says the recession is NOT coming

- Apple hits new record high

- China’s central bank injects record monthly amount into financial system

- Germany, France and India stock markets hit all-time highs

- U.S CPI 3.1% YoY in Nov, in-line with expectations

- Goldman Sachs expects FED to start cutting rates in March (expects 2 back-to-back rate cuts of 25bps)

- Alibaba hits a 52-week low

- Pfizer hits a ten year low

- SEC holds meeting with BlackRock to discuss its Spot Bitcoin ETF

- JPMorgan says Ethereum will outperform Bitcoin in 2024

- 30-year mortgage rates now below 7%

- U.S retail sales increase +0.3% in Nov vs -0.1% expected

- An all-time high of Americans spend +50% of their income on rent

- Restaurant prices are up 24% since January 2020

- Former President Trump says the US will have "one of the greatest economic years the nation has ever recorded" if elected in 2024

- Bill introduced in the Senate that would force big investors to sell off all the single-family homes they own over 10 years

- US consumers are spending at record levels, and economists are mystified, struggling to forecast an end point

- Holiday spending expected to reach record levels this year, totalling +$966 billion

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