BREAKING: Donald Trump and his team are reportedly debating “how much” to invade Mexico once he takes office, per the Independent.
Trump and his transition team staff are discussing a “soft invasion” of the country, Rolling Stone reported. Source: Win Smart, CFA,@WinfieldSmart
In Germany, too few business leaders are involved in politics, which has made the bureaucracy stronger.
In the current legislative period, only 51 of the 735 Bundestag members are entrepreneurs —the lowest number in years (the yellow seats below). Between 2017 and 2021, there were still 76. Top executives or major entrepreneurs have rarely held ministerial positions in the history of the Federal Republic. A notable exception was Werner Müller, the late former head of Ruhrkohle AG, who served as Economics Minister under Chancellor Gerhard Schröder from 1998 to 2002. Source: Statista, HolgerZ
Trump officially calls for the purchase of Greenland, stating:
“For purposes of national security and freedom throughout the world, the US feels that the ownership of Greenland is a necessity.” Source: AF Post
Novo Nordisk Long-Term Bullish Trend Broken
Novo Nordisk (NVO) has seen its long-term bullish trend broken, with the stock losing 49% since its highs. It’s now trying to find support. On Friday, the stock rebounded from the major support zone between 504-535. The stock will likely be volatile in the coming days, so keep an eye on this support zone to see if it has found a low. Source: Bloomberg
JUST IN - US MACRO DATA RELEASED ⚡
👉 GDP (Q3), 3.1% Vs. 2.8% Est. (prev. 2.8%) 👉Jobless Claims, 220K Vs. 230K Est. (prev. 242K) 👉PCE Prices (Q3), 1.5% Vs. 1.5% Est. (prev. 2.5%) 👉Core PCE (Q3), 2.2% Vs. 2.1% Est. (prev. 2.8%)
Is this the Santa Rally?
US Mortgage Rates Surged Back Over 7% Today Source: Amy Nixon on X
America's massive leverage summarized in one chart
Source: The Rabbit Hole
Remember: timing the market versus time in the market.
Source: Willie Delwiche, CMT, CFA @Tyler_Lovingood
