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Good morning investors!
Today we cover:
What to expect this week
2026 Trends
and Netflix to buy Warner Bros?
📊 Economy and News
What to Expect in Markets This Week
Here’s what to keep an eye on this week:
Monday, Dec 8
Earnings: Toll Brothers (TOL), Phreesia (PHR)
Tuesday, Dec 9
Data: Job openings (Oct), NFIB small-business optimism (Nov)
Earnings: AutoZone (AZO), GameStop (GME), Casey’s (CASY), Campbell’s (CPB), Ferguson (FERG), others
Wednesday, Dec 10 – Biggest Day
FOMC interest-rate decision
Fed Chair Jerome Powell press conference
Data: Employment cost index (Q3), monthly federal budget (Nov)
Earnings: Oracle (ORCL), Adobe (ADBE), Broadcom (AVGO), Synopsys (SNPS), Chewy (CHWY)
Thursday, Dec 11
Data: U.S. trade deficit (Sep), initial jobless claims (week ending Dec 6), wholesale inventories
Earnings: Broadcom (AVGO), Costco (COST), Lululemon (LULU), Ciena (CIEN)
Friday, Dec 12
Fed speaker: Chicago Fed President Austan Goolsbee
Earnings: Minor reports (Johnson Outdoors, Value Line)
Watch for Powell’s tone on future cuts and any AI-related commentary from Oracle, Broadcom, and Adobe.
Global hits:
Azerbaijan’s outlook revised to positive amid easing tensions with Armenia.
Central Europe’s currencies to back off highs in 2026.
Jumped the gun, says Morgan Stanley; reverses Dec Fed rate call to 25bps cut.
Reminder: U.S. banking regulators withdraw decade-old leveraged lending guidance. Elsewhere, Bessent says U.S. will finish the year with 3% GDP growth, sees ‘very strong’ holiday season.
Also, Trump administration will expand travel ban to more than 30 countries.
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📈 Stocks
S&P 500 6 870,40 (+0.19%)
DJIA 47 954,99 (+0.22%)
NASDAQ 23 578,13 (+0.31%)
BRENT CRUDE 63.75 (+0.77%)
* Prices as of Dec 7th, 12:20 AM UTC
5 Big Macro Themes That Will Shape 2026
Capital Economics just released their must-read outlook — here are the five forces they say will dominate markets next year:
AI Boom Keeps Rolling (and the bubble keeps growing) U.S. gets another ~0.5% GDP boost from AI capex. S&P 500 heading to 8,000 by end-2026. Europe and U.K. left behind.
China Stuck in Slow Growth + Deflation ~3% GDP again in 2026, massive overcapacity, bigger trade surplus, and even lower bond yields.
Trade War 2.0 Still Coming Current truce has a 1-year sunset clause. Tariffs are now a key U.S. revenue source — expect higher barriers and more supply-chain reshuffling.
Central Banks Ease — But Not as Much as Trump Wants Fed likely stops at 3.25–3.50%. Only 1–2 cuts in 2026. ECB and BoE cut a bit more, BoJ actually hikes to 1.25%. Dollar stays strong vs EUR & GBP, yen mildly rebounds.
Fiscal Time Bombs Keep Ticking U.S., U.K., France running big deficits on high debt. Political shocks (elections, leadership changes) could trigger sharp bond sell-offs.
Netflix to acquire Warner Bros: Netflix has acquired Warner Bros. Discovery's film studio and HBO Max streaming service, ending a bidding war that also involved Paramount-Skydance and Comcast. WBD will proceed with spinning off its TV networks (including TNT and CNN). The deal is set to close in 12-18 months, though producers and trade groups urge regulatory scrutiny.
Look here: India warns IndiGo of regulatory action and takes action to cap airfare surge. Elsewhere, Italy and five EU nations seek to extend hybrid car sales beyond 2035. Furthermore, Meta is acquiring AI wearable company Limitless.
Reports say that SpaceX is planning IPO for second half of 2026 ply-chain reshuffling; however, Musk has denied these valuation reports.
💵 Personal Finance
How to Talk Economy at Christmas Dinner (Without Starting a Fight)
Bank of America just dropped the ultimate cheat sheet for anyone dreading the inevitable “So what’s really going on with the economy?” question from Uncle Bob or your know-it-all cousin.
Here’s the short, drama-free version you can actually remember:
Inflation isn’t dead → Still running near 3%. Blame lingering supply issues and the new tariffs hitting imports.
Yes, some things got cheaper → Computers and clothes are down YoY, but everything else (especially after holiday shopping) will still sting the credit card.
Housing is still a nightmare → Mortgage rates ~6.4%, home prices 16% above pre-pandemic levels, and the typical first-time buyer is now 40 years old.
Don’t yell at the Fed → They can’t just slash rates to zero again. If they overdo it, long-term rates (the ones that actually matter for mortgages) could shoot higher.
It’s a K-shaped world → Tech bros, AI stocks, and the top 10% are partying like it’s 2021. Everyone else feels the slowdown.
AI is the real growth engine right now → Billions pouring into data centers and related to AI — this is legitimately boosting GDP.
2026 outlook → BofA is cautiously bullish: fiscal stimulus + easier money + nonstop AI spending should keep the expansion alive.
Print this, screenshot it, or just say “Bank of America says we’re fine, pass the pie.”
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