Anti-Clickbait News Summaries for December 12, 2024

Trump's crypto venture partners with platform linked to militant groups

Hi, it’s Jack and the Daily Moat team with your daily news summaries 😇

Happening Today:

Market Context:
- Markets are operating in the aftermath of yesterday's November inflation data which met expectations ¹
- Nasdaq Composite is trading at record highs ²³
- S&P 500 showed positive movement, driven largely by the performance of the "Magnificent 7" stocks ²³

Key Economic Events Today:
- Initial Jobless Claims data release
- Producer Price Index (PPI) for November
- 30-year Treasury Bond auction

Market Sentiment:
- Traders are focusing on:
- Potential Fed rate cut expectations for early 2025
- Uncertainty about monetary policy trajectory for 2025 ¹
- Markets are pricing in a possible Fed pause in January 2025 ¹

Political Factor:
- Markets are factoring in potential implications of Donald Trump's anticipated return to the White House, which is creating some uncertainty in future monetary policy expectations ¹

The market is particularly sensitive today as investors digest yesterday's inflation data and adjust their positions based on rate-cut expectations for the coming year. The jobless claims and PPI data releases will be closely watched as they provide additional economic indicators that could influence Fed policy decisions.

The Markets:

Futures Highlights
Overall, futures show slight declines across indices and commodities, reflecting a cautious market mood. Investors seem to be waiting for new catalysts before taking positions.

🔴 Crude Oil: 70.14 (-0.15 | -0.21%)
🔴 Natural Gas: 3.3610 (-0.0170 | -0.50%)
🔴 Gold: 2737.50 (-19.20 | -0.70%)
🔴 Dow: 44169.00 (-53.00 | -0.12%)
🔴 S&P 500: 6073.75 (-19.00 | -0.31%)
🔴 Nasdaq 100: 21658.00 (-135.50 | -0.62%)
🔴 Russell 2000: 2383.60 (-16.10 | -0.67%)

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Forex & Bonds
Currency pairs are mixed, with the euro nearly flat and the yen slightly softer. Bond yields show a subtle divergence as Bitcoin edges higher, hinting at selective investor optimism.

⚪ EUR/USD: 1.0495 (-0.0001 | -0.00%)
🔴 USD/JPY: 151.99 (-0.46 | -0.30%)
🔴 GBP/USD: 1.2738 (-0.0012 | -0.09%)
🟢 BTC/USD: 100903.90 (+174.30 | +0.17%)
🔴 5-Year Treasury: 4.13 (-0.004 | -0.10%)
🟢 10-Year Treasury: 4.281 (+0.01 | +0.23%)
🟢 30-Year Treasury: 4.505 (+0.026 | +0.58%)

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Major News (Stocks)
Tech and growth stocks dominate the winners, led by Tesla and Alphabet, signaling renewed interest in high-growth sectors. Retail and auto stocks lag behind, reflecting a cautious consumer environment.

Biggest Winners → Biggest Losers
🟢 TSLA: +5.93%
🟢 GOOGL: +5.52%
🟢 GOOG: +5.46%
🟢 CIEN: +3.29%
🟢 NVDA: +3.14%
🟢 AMZN: +2.32%
🟢 META: +2.16%
🟢 MSFT: +1.28%
🟢 KR: +0.99%
🟢 ADBE: +0.53%
🟢 WMT: +0.43%
🔴 KO: -0.43%
🔴 AAPL: -0.52%
🔴 M: -0.84%
🔴 GM: -1.33%
🔴 ACI: -1.51%

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