⚠️MONDAY MARKET WARNING:
There were only 2 times in history when the cost of hedging for a month against S&P 500 drop was lower than now. This means these put options will profit if the SP500 falls by at least 50 points at any time over the next month. Source: Global Markets Investor
Average Daily Options Volume jumps to an all-time high.
Source: Barchart @Barchart
After the suspected United Healthcare CEO shooter Luigi Mangione was captured, "Luigi Coin" jumped +35,000%.
Luigi Coin hit a market cap of $60 MILLION with $100 million+ in volume over the last 24 hours... Source: The Kobeissi Letter
Idexx Laboratories Rebounding Off Major Swing Support Zone
Idexx Laboratories (IDXX US) recently tested the swing support zone between 372-431 and is now rebounding off that level with increasing volume. Source: Bloomberg
BREAKING: Amazon shareholders request the company explores adds Bitcoin to its treasury.
REMINDER: Microsoft shareholders are set to decide on the firm’s Bitcoin investment proposal this Tuesday, December 10. Source: Dennis Porter @Dennis_Porter, Bitcoin Archive @BTC_Archive
Nvidia $NVDA is the best performing S&P 500 stock over the last 5, 10, 15 and 20 years😲
Source: Evan @StockMKTNewz
China consumer inflation rate drops to a five-month low, missing expectations as economy slows. ARE MORE STIMULUS COMING?
China’s consumer prices rose less-than-expected in November, climbing 0.2% from a year ago, according to data from the National Bureau of Statistics released Monday. Analysts polled by Reuters had expected a slight pickup in the consumer price index to 0.5% in November from a year ago, versus 0.3% in October. China’s producer price index declined for the 26th month. Producer inflation fell by 2.5% year on year in November, less than the estimated 2.8% decline as per the Reuters poll. Source: CNBC, Evan
BofA: The second half of December has historically been the second strongest period of the year (+1.0% on average, positive 69% of the time)
Source: Mike Zaccardi, CFA, CMT, MBA
