The Dow is closing in on fresh all-time highs as investors anticipate rate cuts in early 2024.
But Daniel explains what’s really behind the rally (hint: It’s not Santa Claus or the Fed)… how long it could last… and why it’s built on a foundation of sand.
JPMorgan CEO Jamie Dimon seems to agree.
I highlight his comments about why GDP growth isn’t as strong as it looks. Plus, we discuss how the Fed is creating volatility in the markets… and what this all means for investors in 2024.
Yesterday, Andrew Ross Sorkin interviewed Elon Musk at the DealBook Summit. Musk told advertisers to go f*** themselves… and covered a range of topics: from his latest controversial tweet… to pro-Palestine protests… his frustration with the Biden Administration… why Larry Page is not “pro-humanity”… and a lot more. It’s one of the best interviews ever, and I highly recommend you watch it. I wish we could have more conversations like this.
Next, Daniel explains what’s behind OPEC’s delayed meeting… and where he expects oil prices to go from here.
Last week, Binance founder Changpeng “CZ” Zhao stepped down as the company’s CEO after pleading guilty to violating anti-money laundering laws. We discuss whether it’s a power play by big U.S. asset managers like BlackRock… how the SEC has dropped the ball on crypto regulation… and what the settlement means for the industry going forward.
Finally, we reveal this week’s Dollar Stock Club pick. This stock fits two of the most important trends in the market right now. Even better, it’s trading at a massive discount to the average S&P 500 stock, even though it’s growing faster.