Apps: TikTok and Temu

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🚨 🚨 In 2023, the most downloaded app globally was TikTok, with 672 million downloads. However, in the United States, the most downloaded app was Temu, a Chinese e-commerce company
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Sunak Wins Rwanda Vote

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🇬🇧 🇬🇧 Prime Minister Rishi Sunak staved off a potential rebellion from members of his Conservative Party, winning a parliamentary vote on legislation designed to green-light his signature plan to deport asylum-seekers to Rwanda
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Israel Pumps Seawater Into Tunnels

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🇮🇱 🇮🇱 Israel’s military has begun pumping seawater into Hamas’s vast complex of tunnels in Gaza, according to U.S. officials briefed on the Israeli military’s operations, part of an intensive effort to destroy the underground infrastructure that has underpinned the group’s operations
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A New Paradigm

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Microsoft Unveils New LLM

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🚨 🚨 Microsoft just released Phi-2, a 2.7B LLM that rivals the 25x bigger LLaMa-2 70B. The best part? The model is small enough to run on a laptop or mobile device
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BofA Warns Of Bear Flatening Trade

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🚨 🚨 Bank of America strategists on a note Monday, flag commodity trading advisers, or CTAs, as long the front-end of the curve and remaining in steepener positions. “Bear flattening therefore remains a risk if this position comes under pressure”
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Powell May Say Hiking Cycle Os Over

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🇺🇸 🇺🇸 Jerome Powell may signal the Fed’s hiking cycle is over without committing to near-term rate cuts today. The US may have escaped the pain Powell had long said would be necessary to quell inflation
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China Disappoints

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🇨🇳 🇨🇳 China’s leaders vowed to make industrial policy their top economic priority next year, a disappointment for investors hoping for consumer-targeted stimulus. The annual economic work conference called for a focus on “technological innovation”
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Yellen Affirms Inflation Is Dropping

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🇺🇸 🇺🇸 Yellen said that inflation is “certainly meaningfully coming down. And I see no reason why inflation shouldn’t gradually decline to levels that are consistent with the Fed’s mandate… I personally don’t see any good reason to think that the last mile is going to be especially difficult”
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VIX: Lowest Since Jan 2020

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🚨 🚨 The volatility index, VIX, just hit its lowest level since January 2020. The $VIX is now trading below 12.00 for the first time since the pandemic
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