What we’re reading (12/16)
“Here’s A Complete Rundown Of Wall Street’s 2025 Stock Market Predictions” (Business Insider). “after back-to-back years of more than 20% returns for the S&P 500, what's in store for 2025? According to Wall Street, more gains, albeit not at such a fast pace. The average 2025 year-end price target for the S&P 500 is 6,539, a potential gain of about about 8% from the benchmark index's current levels.”
“Will The Fed Keep Cutting In 2025?” (Wall Street Journal). “Fed officials have signaled recently that a rate cut this week could conclude the first of a two-step phase of lowering rates. In that first interval, officials had a relatively low bar for cutting rates because they had held borrowing costs at such a high level. They had also waited several extra months to gain confidence that inflation was closer to their goal—and heading lower. Officials began cutting rates in September with a big half-point cut. They cut again last month, by a quarter point. A cut this week would mark the third in a row. Over the past year, officials have slowly raised their estimates of where rates will settle out, and they could continue to do so in projections this week.”
“Nvidia Falls Into Correction Territory, Down More Than 10% From Its Record Close” (CNBC). “The chipmaker and de facto artificial intelligence trade has rallied 166% this year amid ongoing excitement for the buzzy technology trend. However, shares have faced a sluggish stretch as of late. The stock is down 4.5% in December and officially in correction territory, sitting about 11% off its closing high of $148.88 reached last month.”
“Bitcoin Hits A Record Above $107,000 As Fresh Bullishness Propels The Crypto Higher” (Business Insider). “Bitcoin crossed the $107,000 threshold for the first time on Monday, adding to the coin's string of all-time highs in recent weeks as investors grow increasingly bullish on the prospects for crypto in 2025.”
“Mega 1,000,000,000,000 Tonne Iceberg Drifting In The Ocean After Breaking Away” (Metro). “An iceberg twice the size of Greater London and weighing more than a trillion tonnes is making a bid for freedom. The ‘megaberg’, named A23a,has begun ‘spinning’ for the first time in almost 30 years after becoming stuck in a vortex off Antarctica. The huge iceberg, which is 3,800 square kilometres, broke free of Antarctica in 1986 but, because of its size, became lodged on the floor of the Weddell Sea in the Southern Ocean. A23a first began slowly moving south in 2020 but became trapped in what’s called a Taylor Column in spring of this year.”
