MARKET RECAP

Yesterday: Stocks closed lower as Alphabet's quantum chip announcement lifted communication services, while most other sectors lagged. Small-business optimism surged to a three-year high, signaling improved sentiment. Bond yields edged higher ahead of key inflation data.

On Our Radar: After carefully combing through the CPI data, the next biggest economic reports will be tomorrow’s initial jobless claims and the producer price index. Regarding corporate financials, Adobe’s earnings disclosure should grab most analysts’ attention.

TOP STORY

Wall Street Veteran Slams Fed's Rate Cut Plans: 'Wake Up To Economic Realities'

The Fed’s plan to cut rates again encountered sharp criticism from Ed Yardeni, who warned that it could fuel inflation and overheat already surging markets. With the S&P 500 up 26% for the year and wage pressures rising, risks of instability in 2025 loom.

Here’s what this means for the economy — and how investors should prepare for potential turbulence.

SPONSORED CONTENT

High-grade gold mine could make this stock the red-hot gold sector’s next triple-digit winner

Soaring gold prices have helped spark a wave of opportunities in the gold mining sector.

One company – located in a region filled with high-grade gold deposits – has emerged as one of the best ways to play this red-hot gold bull market.

This company has a mine in place and a proven team set to bring it online quickly. And it’s backed by one of the most successful mining entrepreneurs in Canadian history.

FIVE ZINGERS

Hedged Bet: While the market generally anticipates an incoming 25-basis-point rate cut, inflation data has been moving in an upward trend. Discover Bank of America analysts’ recommended approach to the burgeoning uncertainty.

Power Move: Shares of United States Steel Corp. fell as news emerged that President Joe Biden will block the company’s proposed deal with Nippon Steel. Read why both Biden and President-elect Trump have opposed the merger.

Food Fight: Grocery giant Kroger saw its shares swing higher following reports that a U.S. judge blocked its proposed merger with Albertsons. Learn why this announcement could be the end of the road for Kroger’s acquisitive proposal.

On Autopilot: Investors piled into General Motors recently after the company announced plans to refocus autonomous driving development on personal vehicles. Here’s what’s on the agenda — and what has been given the boot.

Dip Buying: Although software giant Oracle suffered a disappointing earnings performance, Jim Cramer urged investors to buy the dip in ORCL stock. Here’s why the expert isn’t too worried about the company’s recent speed bump.

SPECIAL OFFER

Under the Radar: The Quiet Path to Investment Success

Editor’s Note: Every Tuesday, Benzinga Edge members receive the Under the Radar pick, detailing a very profitable stock or market trend that no one’s talking about. Here’s a sneak peek at yesterday’s:

Allow me to reiterate one very important point:

I have no idea where markets will close next year.

I cannot tell you which stock will be the top performer.

I do not know how many times the Fed will cut interest rates.

I may have an opinion about what interest rates will do next year, but I would not bet on it.

Before you think all this prediction stuff is easy and worth backing with bets, remember that this time last year, pretty much everyone thought we would see five or six interest rate cuts this year.

Tim lays out what it all means in yesterday’s Benzinga Edge-exclusive Under the Radar report. Click here to get a sneak peek.

SPONSORED CONTENT

Trading the New Trump Era: Leveraged ETF Bets for a Changing Economy

As Donald Trump prepares to take office as the next President of the United States, his proposed economic policies could reshape the stock market landscape. Join our virtual bootcamp, led by Gianni DiPoce and Direxion’s Elliott Wellenbach, to explore how leveraged and inverse ETFs can help you bet on market trends in this new era. Learn expert strategies for trading during periods of uncertainty and volatility, with live case studies tailored to Trump's potential economic initiatives. This 90-minute session offers an immersive learning experience with real-time insights and a live Q&A—don’t miss this opportunity to level up your trading game in the Trump economy.

Date: Thursday, December 12 2024
Time: 11am - 12pm EST

Register now

Leveraged ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk and who actively manage their investments.

This is a paid ad. Please see 17b disclosure here for more information. 

BEFORE YOU GO

Were you forwarded this email? Click here to subscribe.

And be sure to check out our other newsletters:

Future Finance: Where fintech, crypto, and the future of finance collide. Future Finance is a perfect lunch read packed with quick bites for industry enthusiasts. Subscribe here.

Cannabis Daily: A must-read daily briefing for cannabis investors, operators, and enthusiasts. Join our list of industry veterans to jump start your morning. Subscribe here.

Real Estate Weekly: Ready to elevate your real estate game? This weekly newsletter provides actionable insights whether you are investing in REITs, owning property, or delving into the fast-growing world of fractional real estate. Subscribe here.

Advisor: Tailor-made for Financial Advisors, this weekly newsletter has industry-specific insights, analysis, and news. Subscribe here.