Fed Needs To Cut To Get To Neutral

🇺🇸 🇺🇸 Morgan Stanley: Fed needs to cut by 100bp just to get to neutral, not their job to push back equity rally
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Traders Are Buying JPY

🇯🇵 🇯🇵 USD/JPY dropping under 143.00 – signs of higher inflation in Japan weighing. Speculation remains of a a possible shift in monetary policy from the BOJ
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Japan Ups GDP Forecast

🇯🇵 🇯🇵 Japan’s government raises its GDP growth estimates for FY2023/24 and FY2024/25. real economic growth rate for fiscal 2023/24 is estimated at 1.6%, up from 1.3%. fiscal 2024/25 economic growth projection was bumped up to 1.3%
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Citi Shuts Distressed Debt Business

🇺🇸 🇺🇸 Citigroup to close global distressed-debt business as part of CEO Jane Fraser’s overhaul
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Developed Markets Outperform

🌍 🌏 A stellar year on Wall Street is propelling the biggest rally since 2019 in the MSCI World Index of developed-market equities, pushing the gauge closer to its record high and leaving emerging-market peers trailing far behind
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Bill Gates: AI Will “Supercharge Innovation”

🧠 🧠 Bill Gates predicts that 2024 will see significant AI adoption and usage, even for serious applications, in high-income countries. This will “supercharge” innovation
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MCD Has At Least 20% Upside

🍔 🍔 HSBC singled out McDonald’s Corporation as one of the top restaurant stocks to own in 2024
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Euro Perks Back Up

🇪🇺 🇪🇺 Euro perks back up as the dollar falls on declining Treasury yields
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S&P: Correction Due

🚨 🚨 The daily RSI on the index is now trading at 82.2, one of the highest prints on record
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India: The Party Will Continue In 2024

🇮🇳 🇮🇳 India’s booming market for equity sales is expected to remain buoyant into the new year as high valuations attract companies and shareholders seeking funds while stock-price gains entice investors avoiding China
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