It's Taylor Swift's World

Taylor Swift was named Time’s Person of the Year, traders are betting the ECB will cut rates to 2.5%, McKinsey shrank its new partner class by 35%, AMD debuted a new chip to compete with Nvidia and Google opened access to its Gemini AI model…

Author

Smart Owl
December 07, 2023

☕️ Good Morning.

The Fast Five → Taylor Swift was named Time’s Person of the Year, traders are betting the ECB will cut rates to 2.5%, McKinsey shrank its new partner class by 35%, AMD debuted a new chip to compete with Nvidia and Google opened access to its Gemini AI model…

Here’s your 5-minute briefing for Thursday:

BEFORE THE OPEN

As of 12/6/2023 market close.

MARKETS

  • US stocks fell as investors digested fresh employment data

    • The Nasdaq led indices with a 0.58% decline

  • Oil prices declined over 4% as WTI fell below $70/barrel on worries of weak demand

  • Asian stocks rebounded, led by Japan’s Nikkei, following a broad selloff on Tuesday

EARNINGS

  • What we're watching this week:

    • Today: Broadcom, Lululemon, Dollar General, DocuSign

  • Full calendar here

NEWS BRIEFING

  • Taylor Swift was named Time’s person of the year (Read More)

  • Traders eye ECB key rate at 2.5% as they ramp up bets on cuts (Read More)

  • McKinsey shrinks new partner class by roughly 35% (Read More)

  • AMD CEO debuts Nvidia chip rival, gives eye-popping forecast (Read More)

  • Meta and Microsoft say they will buy AMD’s new AI chip as an alternative to Nvidia’s (Read More)

  • EU races for deal on world’s first major AI rules (Read More)

  • Fed’s repo backstop gets most use since 2020 (Read More)

  • Roughly a third of unicorns see valuations shrink, limiting IPO prospects (Read More)

  • China e-cigarette titan behind ‘Elf Bar’ floods the US with illegal vapes (Read More)

  • Google opens access to Gemini, racing to catch up to OpenAI (Read More)

  • Disney+ adding Hulu integration as streaming bundles accelerate (Read More)

  • ‘El Loco’ won the Argentina election last month with outlandish ideas. Now he’s backpedaling (Read More)

  • Governments spying on Apple, Google users through push notifications (Read More)

  • Walmart’s hiring and wage pressures have eased, CEO says (Read More)

  • Nuclear’s share of world power output at multi-decade low (Read More)

  • Verizon hires Peloton’s Berland as Chief Marketing Officer (Read More)

  • Norway union joins Tesla blockade in support for Swedish workers (Read More)

CRYPTO

  • JPMorgan CEO Jamie Dimon says he would shut down the crypto industry if he had US lawmaker power (Read More)

  • Bitcoin’s rally caused crypto short sellers to accumulate $6B in paper losses in 2023 (Read More)

BULLISH BITES

✅ Fry: Recipes for your Hanukkah celebration.

✅ Don’t mess with the mail: These are the lengths the government will go to in order to catch postal thieves.

✅ Trust the process: How to tell whether food is ultraprocessed.

✅ Party in the back: Behold the styles from Australia’s famous Mulletfest.

FEATURED TRADES

$NRP is reducing debt and increasing distributions

Natural Resource Partners L.P. is a company focused on owning and managing mineral reserve properties, primarily focused on coal and related natural resources. The company earns revenue through leasing assets and collecting royalties.

Ticker: NRP | Price: $80 | Price Target: $400 (+400%) | Timeframe: N/A

🔥 Coal | 📈 Bullish Idea

Read the full article here. Read time: 7 min

DAILY SHARES

Keep the curation going! Buy the team a coffee ☕️