Housekeeping: Merry Christmas, Happy Hanukkah and a Happy New Year to Everyone!
Holiday Schedule: For the holidays we will forward what we come across (research, news etc) pertinent to all our interests without analysis. The Morning Rundown will occur intermittently during that time.
“The Gold reset is a process, not an event”
Today
Discussion: Humor: Strategic Bitcoin reserves
Premium: Goldman CTA Analyses
Discussion:Strategic Bitcoin Reserves
Strategic Bitcoin Reserve Purpose…
Strategic Bitcoin Reserve Purpose
Humor: Strategic Bitcoin reserves
Excerpted from TSLombard’s THINGS THAT WON’T HAPPEN IN 2025
The Federal Reserve starts printing trillions of USD and investing the proceeds in digital currencies. Within three months, Bitcoin is trading at $1,000,000, but there is more
US equities advanced on Monday, led higher by tech stocks. Large caps bested small caps: S&P 500 (+0.73%) vs. Russell 2000 (-0.22%). MSCI Emerging Markets (EEM) and MSCI EAFE (EFA) added 0.57% and 0.65% respectively.
Market News:
"New voters are set to rotate onto the Federal Reserve’s interest-rate-setting committee just as renewed inflation concerns inject a fresh layer of complexity into the central bank’s decision making. Bloomberg- could be part of why Powell’s presser was so panicky?
"The four biggest US banks are on course to capture their largest share of the industry’s profits in almost a decade, a sign of how they are consolidating their dominant market position. FT- Regional rollup coming as legacy of SVB
"Honda and Nissan said they planned to merge in 2026, a move Honda’s chief executive said wasn’t a rescue of troubled Nissan, but a recognition that developing new technologies was too hard to do alone. WSJ- China and APAC car buying awaits
"Meta plans to add displays to its Ray-Ban smart glasses as soon as next year, FTNow youse can’t leave (inviting face-sucking vampires in)
"Nordstrom on Monday announced it will become a private company after it agreed to a buyout deal valued at roughly $6.25 billion from Nordstrom’s founding family and Mexican department store El Puerto de Liverpool.CNBC - Low US valuation and new market partnerships
Geopolitics:
"Jerusalem Post: The slow deployment of the Lebanese army in the south may push the Israeli army to remain in southern Lebanon after the end of the 60-day period", according to Sky News Arabia.
"Israeli source: There is no real progress in negotiations with Hamas, but they continue", according to Sky News Arabia.
US military said it conducted an airstrike in Syria, killing two ISIS operatives and wounding one, according to Reuters.
Data on Deck: Goods and homes
MONDAY, DEC. 23 Consumer confidence
TUESDAY, DEC. 24 Durable-goods orders, New home sales
