📈 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 spending…

Author

Smart Owl
December 12, 2023

☕️ Good Morning.

The Fast Five → Crunch week for central banks 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 spending…

Here’s your 5-min briefing for Tuesday:

BEFORE THE OPEN

As of market close 12/11/2023.

MARKETS

  • US stocks rose ahead of today’s November CPI report

  • The Dow led indices with a 0.43% gain

  • Oil futures remained steady after glut concerns spurred the longest price drop in five years (More)

EARNINGS

  • Oracle shares plunged 8% after missing Q2 revenue expectations; it slightly beat on adjusted earnings (More)

  • What we're watching this week:

    • Wednesday: Adobe 

    • Thursday: Costco

    • Friday: Darden Restaurants

  • Full calendar here

NEWS BRIEFING

The U.S. Federal Reserve on Wednesday will kick off what is poised to be a pivotal week, followed by a “Super Thursday” when the European Central Bank, Bank of England and others will meet.

More than 5,000 SPVs are said to have been set up in Abu Dhabi including by CZ, Lisin and Dalio

  • US year-ahead inflation views drop to lowest since April 2021 (More)

  • Muni market’s mega rally ‘likely unsustainable,’ BlackRock says (More)

  • British firms in China wary to invest over slowdown (More)

  • Goldman reshuffles private credit in bid to double assets (More)

  • At COP28, hopes dim for fossil fuel phaseout (More)

  • Apple plans big overhaul to iPad family to make it less confusing (More)

  • Real estate titans battle DeSantis over China property crackdown (More)

  • Regulators caught Wells Fargo, other banks in probe over mortgage pricing discrimination (More)

  • Michael Milken says the Fed won’t move too early and risk massive inflation like the 1970s (More)

  • China’s Xi visits Vietnam after Biden, seeks ‘shared future’ with Hanoi (More)

  • Harvard’s deepening disunity pits alumni against faculty (More)

  • Boeing picks a frontrunner to be its next CEO (More)

  • Google, Epic Games face off as app antitrust trial nears end (More)

  • Bill Gates warns the world is likely to smash through a critical warming threshold (More)

  • The US could remove 1B tons of carbon from the air - for $130B (More)

  • Obamas score a hit with Netflix film ‘Leave the world behind’ (More)

  • TikTok becomes first non-game app to reach $10B in consumer spending (More)

  • Netflix to serve up live tennis, featuring Nadal and Alcaraz (More)

  • Court allows New York to prohibit guns in sensitive places (More)

CRYPTO

  • Bitcoin halving is poised to unleash Darwinism on miners (More)

  • Binance’s BNB token missed out on the recent $180B crypto rally, a sign of the challenging outlook for the crypto exchange (More)

BULLISH BITES

🛒 Dark horse: See the low-profile shopping app coming for Amazon and Alibaba.

🛟 SOS: Startups are doing fine, but scale-ups and unicorns are in deep water.

🦾 Right hand: How to create a custom ChatGPT.

💫 Heavenly: The most stunning photos from space in 2023.

FEATURED TRADES

$TOL - If rates have peaked, homebuilders are a steal

Toll Brothers is a luxury homebuilding company in the United States known for crafting high-quality, customized houses. It has been in operation since 1967 and has become one of the leading builders of luxury homes across multiple states.

Ticker: $TOL | Price: $93.40 | Price Target: N/A | Timeframe: N/A

🏠 Homebuilder | 🔄 Cyclical | 📈 Bullish Idea

Read the full article here. Read time: 2 min

DAILY SHARES

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