Up and Up
Traders are feeling festive after some milestone moments.
The tech-heavy Nasdaq closed above 20,000 for the first time ever this week, an exclamation point on a massive year (+33%) driven by excitement over AI, falling interest rates, and the promise of deregulation under Trump Administration 2.0.
Recent surges in Tesla (+70%) and SpaceX (+67%) have driven/rocketed Elon Musk’s personal net worth to $447B; he’s the only person to have ever crossed the $400B mark (Jeff Bezos is in a distant second at $250B).
Kroger and Albertson’s aren’t in the mood for (super)market merriment after both a federal and a state judge blocked their $25B merger, agreeing with the FTC that an Alberger alliance would lead to higher prices at the checkout conveyor belt.
Verse to consider whether your stock-ing is stuffed or hanging empty… “Instruct those who are rich in the present age not to be arrogant or to set their hope on the uncertainty of wealth, but on God, who richly provides us with all things to enjoy.”
1 Timothy 6:17 (CSB) (read full passage)