Good morning! As we enter the holiday season we are bound to get less news. However the Trump administration got us covered for at least a week with all the new Epstein files.

But outside of domestic politics, today we covered new, outrageous GPD numbers, a new ATH in stocks and a worrisome spike in measles cases.

Oh and we might have spotted new insiders.

Stay ahead of the game with out forward-looking morning brief!

Top Movers

#1 Epstein Saga Continues

As the administration is releasing new batches of Epstein files, people will talk about whose name appeared in them.

We've got quite a lot of mentions, and more and more names are being resolved to Yes on the markets. Now we have former prime minister of Great Britain Tony Blair shooting up in the odds as we await more files. We bet the Epstein files will be a major topic in many houses this holiday season.

#2 Let Them Cook

After releasing wildly optimistic CPI numbers, the BLS released Q3 GDP numbers and things are looking, well... interesting.

They claim the y/y growth was 4.3%, the highest in 2 years. But we won't be the first ones to doubt both numbers (especially since one depends on the other). However, the GDP market will resolve before we will get a proper revision (if we even ever get it), thus traders are now confident that overall 2025 growth will be around 2-2.5%.

#3 Are You Tired Of Winning Yet?

Along with a booming economy, it looks like we are getting a booming stock market as well.

Traders are expecting to see new ATH on S&P500 by the end of the year. We had a bunch of misleading headlines, but the market here is not about the closing price, but the overall high it reaches. Last one was back in October and we are less than 10 points from reaching it. To the moon, right?

#4 Don't Worry

Yesterday traders were worried the CDC might not update the numbers to reach 2,000 cases in time. Now they are worried we will breach 2,050.

Yesterday the CDC dropped a pre-holiday update to the measles cases and we were surprised with 2,012 overall cases. Regardless though of how the market will resolve, 2025 was a record year that we all hope won't be repeated.

#5 A Christmas Gift

It looks like Elon is planning a little surprise by the end of the year.

While Musk is known to tease impossible deadlines, recent launch markets were full of insiders. This time as well, despite no real news the market spiked from ca. 20c for Yes to 38c.

Will we have yet another insider market?

Wrap up

That’s all for today - did you catch any of the moves? See you tomorrow for another Morning Brief!

This is not official investment or life advice. Do your own research. This are only my opinions and I encourage anyone to do their own research before putting any money anywhere.