Good afternoon.
The S&P 500 is up 27.5% in 2024, Bitcoin is above $100k, and the Nasdaq just hit 20,000 for the first time ever.
Let's dive in.
Markets
Here are today's market moves:
What's Happening
The stock market is off to a strong December, with indexes near record highs.
The S&P 500 is up 27.5% in 2024, its best year since 2019:
The Federal Reserve is on track to cut interest rates by 25 bps next week.
The crypto market is surging, with Bitcoin trading above $100,000 for the first time.
Catch Up
The Nasdaq hit 20,000 today for the first time in history.
Apple is approaching a $4 trillion market capitalization.
Tesla shares just hit a record high for the first time since 2021.
What Else?
Quote
"It's generally human nature to overestimate risk and underestimate opportunity."
— Jeff Bezos