1. The Fed rate cutting cycle may be getting complicated.

We saw the University of Michigan’s inflation expectations rise to 3.2% in November.

That is at the upper end of the historical range over the past 30 years.

Meanwhile, the market consensus is another 25 bps rate cut in December.

2. The overwhelming optimism around U.S. stocks shows no sign of slowing down.

The percentage of Americans who believe stock prices will move higher over the next 12 months reached a record high in over 35 years.

3. Deutsche Bank is the most bullish bank on Wall Street.

4. EV sales are going strong in China.

5. Weak China demand should drive a global oil surplus in 2025.

China has accounted for half of global oil demand growth in the last 20 years, but its oil demand has fallen in each of the last 6 months.

Ultimately, to aid the rebalancing of the oil market, oil analists suspect Brent crude prices might need to fall into the $60s for a period.

6. Elon Musk’s brain implant company is launching a new study to test whether its wireless device can control a robotic arm.

A BCI, or brain-computer interface, is a system that allows a person to directly control outside devices with their brain waves.

It works by reading and decoding intended movement signals from neurons.

Neuralink’s BCI involves a coin-sized device dubbed N1 that is surgically implanted in the brain by a robot.

The company is currently evaluating the safety of its BCI, as well as its ability to control a computer in individuals with paralysis.

7. Who leads in science?

There were times when Europe was a global innovation and science leader.

Today there is barely any scientific field where Europe is still leading.

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