Market in Review 12/18/2023


– Oil prices surged intraday amid more headlines of attacks, and re-routings of tankers in the MidEast with WTI psuhing up near $75 before fading back
–  Daly notes rate cuts next year could be needed
– Mester said markets are a bit ahead of the Fed on rate cuts
– Goolsbee notes may need to shift focus to jobs
– AAPL will shortly halt Apple Watch Series 9 & Watch Ultra 2 within the US
– US Steel to be acquired by Nippon Steel.
– Dollar FLAT. AUD 67.05 EUR 91.55 GPB 126.48 JPY 142.91
– Gold up smalls 2040, Si down smalls 24.10.
– DOW flat 37660, ES up smalls 4790, ND up 0.6% 16915
– Crypto: BTC touched high 40k’s before rallying back to 42400 (had low 41’s a buy yest mkt report)