Welcome Back,

Happy new year!

Market Headlines 👀 

• Tesla (TSLA) reports its Q4 deliveries coming in at 485k, over 1.8m deliveries for the year of 2023.

• Rivian (RIVN) reports a 10% miss on its Q4 delivery numbers.

• Apple (AAPL) sees shares fall ~4% to start the year after a downgrade from Barclays.

• Bitcoin (BTC) starts the year topping the $45k mark for the first time since April 2022.

SPX Heatmap 🔥 

Recap Around the Street 🧠

A lot of money hiding out in money markets may soon realize that the 5% earning today will be cut nearly in half by the end of 2025 if current disinflation trends persist. (Contributed by Benjamin Lavine, CIO at Freedom Investment Management (3D)).

Fed Funds futures are pricing in 6-7 rate cuts by the end of 2024 with the first cut occurring in March and quite possibly in January. If inflation falls even faster then expect the Fed to front load those cuts with a possible 50 bp cut in March. (Contributed by Benjamin Lavine, CIO at Freedom Investment Management (3D)).

Market Preview 🎞️

• Tuesday, January 2nd: S&P Global US manufacturing PMI; construction spending

• Wednesday, January 3rd: MBA mortgage applications; US Dec Fed FOMC meeting minutes; ISM manufacturing; JOLTS job openings

• Thursday, January 4th: Weekly jobless claims; ADP employment report; Challenger job cuts

• Friday, January 6th: Employment report; factory orders

• —> Podcast spotlight: Pounding the Table 👊 : listen now; where you will find in-depth analysis around these highlights, read company deep dives, and interviews with public CEO's!

Enjoy reading?👇

That’s all for today, folks! We’ll be back around the same time next Thursday with a curated list of important news, economic data and market highlights. 

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