Week That Was – What Lies Ahead? Jingle Bells #Christmas - thin with many desks closed until new year - China National People’s Congress #CCP - #GDP #Venezuela Earnings: $EBF $BMXI $LMNR $GTIM $DTGI $JBS #ASX #OOTT #oil #natgas #Gold #VIX #SPX #BTC #Silver $GDX #ETH #USDJPY

Initial #jobless claims for w/e 12/20 fell by 10k to 214k (consensus: 226k). Continuing jobless claims for w/e 12/13 rose by 38k to 1.923m from downwardly revised 1.885m (from 1.897m) Largest increases in initial claims for w/e 12/13 Rhode Island (+452), West Virginia (+325),

Japan Watch #JGB 30-yr yield hit a fresh yearly high at 3.40% after debt issuance in fiscal 2026 confirmed will reach record JPY29.6 trln. Rate hike expectations for Bank of #Japan receded with likelihood of a hike by June sitting around 57%. November Corporate Services Price

The #French parliament passed a bill to keep the government running until an agreement is made on a budget for 2026 with the original deadline just a week away.

Equity markets in Germany, Italy, and Switzerland are closed for Christmas Eve U.K.'s FTSE, Spain's IBEX and France's CAC will close early.

BP is nearing an agreement to sell a majority controlling interest in Castrol to the investment firm Stonepeak. $BP 34.46, -0.12, -0.4% $XLE #OOTT #FTSE

Ahead Wed ET: #ChristmasEve 7:00 MBA Mortgage Market Index 8:30 Weekly Initial Claims (consensus 226k; prior 224k), Continuing Claims (prior 1.897 mln) 11:30 4 & 8-Week Bill Auction;$44 bln 7-yr Treasury note auction results 13:00 NYSE early close 14:00 Treasury market early

Christmas Time Is Here Early morning Christmas Eve with a bit of gorgeous from Houston's Khruangbin @Khruangbin https://t.co/L9Q1cfgTqq

Stanley Druckenmiller @standuquesne on technical vs fundamental analysis: "If all the news is great and the stock is not acting well, GET OUT, which is a pretty simple thing most analysts don't know.” “Every night at about 4:30 I get 272 charts and they cover just about every

Fair Value for Wednesday, December 24: S&P 500: 6,963 Nasdaq 100: 25,817 DJIA: 48,764

Reminder: The US stock market will close early at 1:00 p.m. ET tomorrow for Christmas Eve, We will get some economic data beforehand incl: Weekly MBA Mortgage Applications at 7:00 a.m. ET, Weekly initial jobless claims report (consensus 226k) at 8:30.

The Wall Street Journal reported that the U.S. is moving special operations aircraft and troops into the Caribbean.

Major banks at new 52-week highs on stronger-than-expected Q3 GDP report pared back expectations for aggressive Federal Reserve rate cuts in 2026 with a resilient consumer. This improves net interest margin & bank profitability. JPMorgan Chase $JPM 326.79, +3.70, +1.15% Bank of

ServiceNow will acquire #Armis for $7.75 billion in cash at a premium valuation (~23× Armis's current ARR) - Armis a leader in Cyber exposure management & cyber-physical security. #CyberSecurity Manages cyber risk across the full attack surface in IT, operational technology (OT),

Consumer Confidence sagged in December due largely to worries about labor market conditions. Conference Board's Index dropped to 89.1 in (consensus 89.0) from upwardly revised 92.9 (from 88.7) in November. In the same period a year ago, the index t was 109.5.

Durable goods orders fell 2.2% m/m in October (consensus 0.3%), transportation equipment orders (-6.5%) acting dragging. Strengths: +0.7% m/m in shipments +0.5% m/m in new orders for nondefense capital goods exc aircraft. Ex transportation, durable goods orders rose0.2% m/m

U.S. economy running warm side in Q3, some concerns for the Fed rate cutting stoking inflation. +Real #GDP rose 4.3% in Q3 (consensus: 3.0%), paced by contributions from personal spending a& exports. +GDP deflator rose 3.8% (consensus: 2.7%) following a 2.1% increase in Q2.

Aussie: "That your dog?" Kiwi: "Yep" Aussie: "Mind if I speak to him?' Kiwi: "Dog don't talk.” Aussie: Hey dog, how's it going?" Dog: "Doing all right." Kiwi: (look of shock) Aussie: Is this your owner?" (Pointing at the Kiwi) Dog: "Yep." Aussie: How's he treating you?"

Ahead Tues: - 2 sleeps until Santa.. 08:15 #ADP Employment Change Weekly 08:30 Advance Q3 #GDP, Durable Orders (Oct), Corporate Profits (Q3) PCE Prices (Q3) 9:15 Industrial Production & Capacity Utilization (Oct) 10:00 Consumer Confidence (Dec), Richmond Fed (Dec)11:3052-Week

President Trump is considering putting seized #Venezuelan oil in the strategic petroleum reserve, according to CNBC. #OOTT

All quiet after third consecutive winning session for the #SP500 yesterday. S&P futures vs fair value: -3.00. Nasdaq futures vs fair value: -10.00. Reminder the market will close 1:00 p.m. ET Wed for Christmas Eve and closed all day Thursday for Christmas Day.