You often hear about Big Tech being very expensive, but of the 10 S&P 500 members with the highest forward 12m P/E ratios, only 2 are in the Tech sector Source: Bloomberg

Inflation-adjusted consumer spending was flat in September ... August's 0.4% gain was revised down to 0.2%

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Welcome news as consumers' inflation expectations 5-10 years out are nearing a roundtrip relative to the beginning of this year ... peak was 4.4%; now we're at 3.2%

Consumers' expectations for the economy improved in December ... up to 55 vs. 51 in November per UMich survey

Another new all-time low for how consumers feel about the current economic environment in December per UMich

AAII bears lowest since January ... largest weekly drop since November 2023

It's official! All three C-SPAN Networks are now available on YouTube TV.

So far, 10y Treasury yield looking at its largest weekly gain in 6 months

Mentions of a "choiceful" consumer on S&P 500 earnings calls have picked up markedly over the past couple years

9k jobs lost in November per Revelio Labs ... second consecutive monthly decline

Initial jobless claims with a 1-handle

10% of members in the Utilities sector trading above their 50d moving average ... a new YTD low

Some 2,900 billionaires now control $15.8 trillion, up from about 2,700 billionaires with a cumulative wealth of nearly $14 trillion last year ... 2025's addition of 287 billionaires is more than 2024's addition of 268 @WSJ

Challenger job cut announcements totaled 71,321 in November

Equal-weighted Energy sector has recovered its losses since April 2nd

Stunning.

Utilities sector lowest since late September (second worst performer over the past month)

CHART OF THE DAY: Copper prices rise to an all-time high (above $11,500 per metric ton) driven by multiple supply disruptions and a rush to shift copper into the US due to tariffs, depleting supply from the rest of the world

Looking forward to joining @MorganLBrennan and @jonfortt on @CNBCOvertime at 4pm ET

Per ADP, manufacturing payrolls -18k in November ... third decline in the past four months. The sector has seen no net job gains YTD.

Everyone is so impressed with their Spotify Wrapped. “Oh wow, it knows exactly what I listened to!” Of course it does, you listened to them! They're YOUR artists! they're SUPPOSED to be there!