- Bull Street
- Archive
- Page 26
š Fingers point to put trades
Fingers point to world's hottest derivatives trade for killing the rally, Citiās overhaul continues with closure of distressed-debt business, Apple loses attempt to halt watch sales ban, Toyota recalls 1.12 million vehicles over air bag issue, and consumer confidence jumps to a five-month highā¦
š Rally mode continues
Wall Streetās optimism isnāt stopping, shippers have diverted $35 billion in cargo amid fears of attacks, Colorado Supreme Court disqualifies Trump from ballot, Citi suit raises #metoo claims at the top levels, and IRS to waive $1 billion in penalities for people owing back taxesā¦
š Apple's $17B rescue
Apple plans rescue for $17 billion watch business facing ban, Adobe and Figma call off $20 billion acquisition, Fedās Goolsbee says he was āconfusedā by last weekās market reaction, antitrust regulators issue new merger rules amid crackdown, and Nikola founder sentenced to four years in prison for fraudā¦
š Irrational optimism?
Fed is sparking irrational market optimism former FDIC Chair warns, gold prices soar to record highs, Teamsters authorize strike at Budweiser, A-Rodās Slam SPAC plans merger with Lynk Global, and Bezos talks plans for a trillion people to live in huge space stationsā¦
š Blackstone goes Swifty
Wall Street cheered best Fed day since 2009, Intel unveils Mortgage rates slide <7% for first time since August, Intel unveils new AI chip to compete, Disney prepares for battle as activist Peltz seeks two board seats, and Blackstone goes all-in on Taylor Swift fandom with holiday videoā¦
š Rate cuts coming
Fed holds rates and indicates three cuts coming in 2024, Dow closes above 37,000 for the first time, Tesla recalls nearly all vehicles to boost autopilot safeguards, Etsy lays off 11% of its staff, and OpenAI and Axel Springer strike unprecedented deal to offer news in ChatGPTā¦
š Crunch week
Crunch week puts rate-cut expectations to the test, Goldman reshuffles private credit in bid to double assets, why CZ, Dalio and Lisin are flocking to Abu Dhabi, Wells Fargo, other banks caught in probe over mortgage pricing discrimination, and TikTok becomes first non-game app to reach $10B in consumer spendingā¦
š Wall Street vs Ivy League
Penn leaders out after Wall St. donor, alumni pressure from comments, Fed starts to confront rates cut question, Cigna calls off merger with Humana, luxury goods sellers claim āworst market since 2008ā, and Musk reactivates Alex Jonesā X account after 5-year banā¦
š Market clings to jobs report
Alphabet soars as Wall Street cheers arrival of Gemini, Spotifyās CFO is stepping down, Amazon testing monthly unlimited grocery subscription, JPMorgan's Kolanovic says opt for cash over stocks, and Salesforce signals end of the Golden Age of cushy tech jobsā¦
