Rate of adoption of AI
Source: NYT thru unusual_whales
The Fed rate cut odds in December jumps to 95% on Polymarket.
Source: Ash Crypto
The US lost an average of 4k private-sector jobs per month over the last 3 months (ADP data), the first 3-month decline since the 2020 recession.
A year ago, the US was adding over 200,000 jobs per month. Source: Charlie Bilello @charliebilello
🛑 In case you missed it... Swiss Inflation Just Hit ZERO! What will the SNB do ??? 🤯
Just days before their final 2025 rate decision, Switzerland threw the central bank (SNB) a curveball. Consumer prices came in UNCHANGED in November from a year ago. That's ZERO inflation. What does this mean for money managers and global markets? 📌 The Core Dilemma: Core inflation slid to its weakest in over four years. The SNB's 0.4% inflation forecast for this quarter is now officially dead in the water. 📌Negative Rates... Again? No yet. While the headline number is scary, it's unlikely the SNB will panic-cut rates back into negative territory next week. The market's real focus is the 2026 Inflation Forecast. Will the SNB slash its current 0.55% projection? That’s the real tell. 📌The Franc's Resilience: Despite the low inflation and fears of negative interest rates ahead, the CHF (Swiss Franc) is shrugging it off and staying strong. The SNB might wish for a weaker currency to "kindle" inflation via intervention, but we continue to think the Franc is UNLIKELY to weaken much and will rather remain strong. The Bottom Line: Low inflation is back in the spotlight for the safe haven currency. Watch the SNB's forward guidance, not just their rate decision Source: Bloomberg
🚨 U.S. Treasury just bought back $12.5 Billion of their own debt, the largest Treasury buyback in history
Source: Barchart
In case you missed it... The Russell 2000 index is well ahead of the Nasdaq100 $NDX over the past 6 months.
Source: The Market Ear, LSEG Workspace
After Google, now Amazon
*AMAZON SAYS NEW CHIPS ARE MORE COST EFFECTIVE THAN NVIDIA'S Source: ©️redit From Ⓜ️acro to Ⓜ️icro @Credit_Junk Bloomberg
Another strong tailwind for the US economy as we head into 2026...
The price of gas at the pump has tumbled to $3.00 - the lowest since May 2021... If you add to this Fed cutting rates (and soon re-launching QE), fiscal stimulus and financial deregulation, that's a lot of stimulus! Source: Zerohedge
