Analyst Highlights
- Bond yields remained elevated even as the Fed cuts rates, reviving debate over debt sustainability, inflation persistence and central bank credibility.
- JPMorgan warned the post-Fed equity rally may pause on profit-taking, while staying medium-term bullish on easing policy and subdued oil prices.
- Wall Street is positioning for Chinese stocks to extend their $2.4T rally into 2026, driven by AI growth, earnings recovery and easing deflation.
- Silver held near record highs on tight inventories, industrial demand and safe-haven ETF inflows ahead the Federal Reserve decision.
- European luxury stocks rallied as analysts forecast mid-single-digit global growth in 2026, supported by a projected 6% rise in Chinese demand.
- OpenAI-linked AI stocks faced pressure as investors rotated toward cash-rich Big Tech names like Alphabet amid rising profitability concerns.
IPO’s in the week
- Bitcoin Infrastructure Acquisition Corp Ltd (BIXIU, Nasdaq Global) — A Cayman Islands–incorporated blank-check company targeting businesses in digital assets, Web3 and blockchain-based financial infrastructure, priced its IPO at $10.00 per unit on Dec 2, 2025, offering 20,000,000 units to raise $200.0M for a future business combination in the crypto and digital-asset ecosystem.
- SilverBox Corp V (SBXE.U, NYSE) — A blank-check company focused on pursuing a future business combination, priced its upsized IPO at $10.00 per unit on Dec 2, 2025, offering 24,000,000 units to raise $240.0M, with units commencing trading on Dec 3, 2025.
- Park Dental Partners, Inc. (PARK, Nasdaq Capital) — A Minnesota-based dental resource organization supporting 84 affiliated dental practices across Minnesota and Wisconsin, priced its IPO at $13.00 per share on Dec 3, 2025, offering 1,535,000 shares to raise approximately $20.0M to support expansion and operations.
- General Purpose Acquisition Corp. (GPACU, Nasdaq Global) — A Cayman Islands–incorporated blank-check company targeting maritime, logistics, and digital infrastructure businesses, priced its IPO at $10.00 per unit on Dec 3, 2025, offering 20,000,000 units to raise $200.0M for a future business combination.
- SMJ International Holdings Inc. (SMJF, NYSE American) — A Singapore-based flooring products distributor operating across 20+ countries, priced its IPO at $4.00 per share on Dec 4, 2025, offering 2,500,000 shares to raise $10.0M to support international expansion and inventory growth.
- Safeguard Acquisition Corp. (SAC’U, NYSE) — A Cayman Islands–incorporated blank-check company targeting aerospace & defense, government services, national security, and space sectors, priced its IPO at $10.00 per unit on Dec 4, 2025, offering 20,000,000 units to raise $200.0M for a future business combination.
- REGENTIS BIOMATERIALS LTD. (RGNT, NYSE American) — An Israel-based regenerative medicine company developing Gelrin hydrogel implants for orthopedic tissue repair, priced its IPO at $8.00 per share on Dec 4, 2025, offering 1,250,000 shares to raise $10.0M to fund clinical and commercial development of its cartilage repair platform.
- New America Acquisition I Corp. (NWAXU, NYSE) — A Florida-incorporated blank-check company targeting a business combination with enterprises valued around $700M+, priced its IPO at $10.00 per unit on Dec 4, 2025, offering 30,000,000 units to raise $300.0M to pursue acquisitions aligned with its management team’s sector expertise.
- Activate Energy Acquisition Corp. (AEAQU, Nasdaq Global) — A Cayman Islands–incorporated blank-check company initially focused on oil and gas opportunities, priced its IPO at $10.00 per unit on Dec 4, 2025, offering 20,000,000 units to raise $200.0M for a future energy-focused business combination.
- REED’S, INC. (NYSE American) — A branded beverage company behind the Reed’s and Virgil’s natural and functional soft drinks, filed to offer 1,582,280 shares at $6.32 per share to raise approximately $11.5M to support growth of its better-for-you beverage portfolio.
- Leapfrog Acquisition Corporation (LFACU, Nasdaq Global Market) — A blank-check company targeting the international energy supply chain and critical minerals sectors, priced its IPO at $10.00 per unit on Dec 5, 2025, offering 12,500,000 units to raise $125.0M.
Markets Weekly
-
- S&P 500 closed at 35.16, down 0.74 points (-2.06%) for the week.
- Russell 1000 (IWB) closed at 375.77, up 3.00 points (+0.80%) for the week.
- Russell 2000 closed at 2,521.48, up 52.35 points (+2.12%) for the week.
- Russell 3000 closed at 3,901.42, up 35.44 points (+0.92%) for the week.
- CBOE (VIX) closed at 15.41, down 1.83 points (-10.62%) for the week.
- Dow Jones (DJI) closed at 47,954.99, up 665.66 points (+1.41%) for the week.
- Nasdaq Composite closed at 23,578.13, up 302.21 points (+1.30%) for the week.
- Bitcoin closed at $90,254.37, up $3,932.80 (+4.56%) for the week.
- Ethereum closed at $3,088.78, up $288.59 (+10.31%) for the week.
- Solana closed at $133.47, up $6.76 (+5.34%) for the week.
- XRP closed at $2.0456, up $0.0147 (+0.72%) for the week.
- Gold closed at $4,227.70, down $11.60 (-0.27%) for the week.
- Silver closed at $59.05, up $0.64 (+1.09%) for the week.
- WTI Crude closed at $60.08, up $0.76 (+1.28%) for the week.
- Brent Crude closed at $63.39, up $0.22 (+0.35%) for the week.
- US Treasuries outstanding topped $30.2 trillion in November, more than doubling since 2018, as annual interest costs climbed to about $1.2 trillion.
- Global stocks ticked higher to start Fed week as S&P 500 futures edged up and investors priced in a widely expected rate cut.
- Powell is expected to deliver another quarter-point Fed rate cut this week despite dissent over sticky inflation, with markets pricing in further easing into 2026.
- Bond yields stayed elevated even as the Fed cuts rates, fueling debate over debt, inflation risks and whether traders no longer trust Trump’s easier-policy push.
- JPMorgan strategists warned the equity rally may pause after a widely expected Fed cut as investors take profits, though they stay medium-term bullish on stocks.
- Wall Street is betting Chinese stocks extend their rally into 2026 after a $2.4T surge this year, fueled by AI optimism, earnings recovery and easing deflation fears.
- Bain Capital is weighing options for Bridge Data Centres, including new backers or a continuation fund, as it seeks fresh capital to expand its Asia footprint.
- German 10-year Bund yields hit a nine-month high after ECB’s Schnabel signaled comfort with rate-hike bets, with heavy German borrowing adding pressure to yields.
- Oil prices were little changed as traders weighed India’s purchases of Russian crude against ongoing Ukrainian strikes on Russian energy assets and fragile peace talks.
- Bitcoin options show traders betting on low volatility and a tight year-end range, as BTC lags the S&P 500 for the first time in over a decade.
- China’s Politburo set boosting domestic demand as its top 2026 priority, signaling targeted stimulus and support for “new productive forces” rather than heavy-handed manufacturing cuts.
- European luxury stocks gained as analysts forecast mid-single-digit global sales growth in 2026, with Chinese shoppers’ luxury spending expected to rise about 6%.
- Silver held near record highs after a brief pullback, supported by tight inventories, strong industrial demand and safe-haven ETF inflows ahead the Fed decision.
Politics Weekly
- Trump played down his warning to treat Venezuelan airspace as closed, even as added US naval deployments in the Caribbean fuel speculation about possible strikes.
- Trump hailed US, Canada and Mexico cooperation at the 2026 World Cup draw, vowing with Sheinbaum and Carney to deepen coordination under the USMCA.
- US Trade Chief Jamieson Greer said China is meeting trade deal terms, while Washington maintains strict controls on advanced chip exports.
- Trump said he’s disappointed in Zelenskiy over delays on a US-backed peace proposal with Russia, as Washington touts a security framework and Moscow rejects terms.
- Leaders of France, Germany and the UK will meet Zelenskiy in London on Monday to discuss a US-backed Ukraine peace framework as Russian strikes intensify.
- Macron warned the EU may impose tariffs on China over a widening trade imbalance, saying failure to rebalance threatens European industry and could force decoupling.
- China–Japan tensions escalated after Tokyo said a Chinese jet locked fire-control radar on its planes over international waters, amid rising frictions linked to Taiwan.
- Modi and Putin vowed to deepen trade and energy ties, defying US pressure over Russian oil as they target $100 billion in India-Russia trade.
- Brazil’s Flavio Bolsonaro will challenge Lula in the 2026 election, trailing in polls and unsettling markets wary of the Bolsonaro brand’s return.
- US, Israeli and Qatari officials met in New York to repair ties after Israel’s September airstrike in Qatar, Axios reported, underscoring strained Gulf diplomacy.
- Nigeria sent fighter jets and troops into neighboring Benin to shore up President Patrice Talon after soldiers tried to seize control in a coup attempt.
- The World Bank said Myanmar’s economy will shrink about 2% this fiscal year as civil conflict and March’s earthquake keep inflation above 20%, delaying recovery.
Technology Advancements in the week
- Baidu is weighing a Hong Kong IPO for its Kunlunxin AI chip unit, reportedly valued around $3B, lifting Baidu shares as investors bet on a China-made Nvidia rival.
- Ex-Nvidia engineer Zhang Jianzhong’s Moore Threads raised 8 billion yuan in a Shanghai IPO, the stock jumping 425% and underscoring frothy demand for China AI-chip champions.
- Polymarket ran into a $59M governance crisis after a disputed on-chain vote tied to its US launch exposed risks in token-run prediction markets.
- AI stocks wobbled as investors questioned OpenAI’s costly growth and lack of profits, while cash-rich Alphabet gained favor as Wall Street’s preferred AI play.
- Trump flagged antitrust concerns over Netflix’s planned $72B takeover of Warner Bros. Discovery, raising the risk of a lengthy DOJ review and possible pushback.
👉 Keep the conversation going! Subscribe to our weekly newsletter for more insights, delivered straight to your inbox.