Plus: Number of American millionaires keeps soaring, SpaceX's valuation is also mooning, jumping $100B in less than a month, and Citi promoted 344 managing directors.
Featuring Reddit's 354% and Astera Labs' 232% post-IPO gains.
Plus: Tech stocks are booming. Bitcoin hit $100k in a 50% post-election rally, and Simon & Schuster employees are upset with the Grinch (KKR) for canceling their Christmas party.
Plus: Private equity pay is slumping, short sellers are throwing in the towel, and Donald Trump Jr. joins PSQ Holdings leading to a 270% rally.
Plus: Bezos backed an Nvidia rival, Trump and Dimon have reportedly been having private conversations, Intel CEO is out, and Enron is back (sort of).
Plus: U.S. theaters smashed records, Elon teased a Hasbro acquisition, Biden pardoned son Hunter, and 5 things to buy before tariffs take effect.
A long-time horizon is a competitive advantage.
Plus: Starbucks’ Red Cup Day came in red hot. Elon's mom on her son's relationship with Trump. Blackrock close to buying HPS for $12B, and Mexico warns tariffs will cost 400k US jobs.
Plus: Rivian got $6.6 billion from US govt, Citi called Financial Times fake news, and airlines made $12.4 billion from seat selection fees alone over six years.
Plus: Trump pledged more tariffs on China, Mexico, and Canada. DB raised its S&P 500 target to 7,000, and Citi is offering special bonuses to keep employees from leaving.
Plus: Trump picked hedge fund manager Scott Bessent to run the Treasury, and TikTok CEO is reportedly seeking Elon Musk's advice on Trump’s second term.
The results of the US elections are quickly being absorbed by financial markets, propelling US equity indices to new highs.
