The Year Ahead
Experts: US Stock Market Loses Momentum – Bodes Badly for 2025
A weak December result for the S&P500, along with several technical indicators, point to a possible decline in 2025. This is the opinion of several experts, according to Market Watch.
Among other things, the percentage of stocks trading above their 200-day moving average on the S&P500 has fallen to its lowest level this year.
– We are concerned about a larger decline in January, and perhaps investors are too, given the declines on Friday, says BTIG technical analyst Jonathan Krinsky.
The fact that the broad US index has failed to break above 6,000 points suggests that the level may have begun to be seen as a “ceiling,” according to the analyst.
Gas prices
Cold and windless January suggests higher gas prices
European gas futures are trading higher as weather forecasts point to a cold January with light winds. Bloomberg writes, citing forecaster Maxar Technologies.
According to the news agency, gas prices could rise even more after the New Year when Russian deliveries are expected to cease.
“Higher prices will pressure industrial competitiveness and economic development,” a group of MET analysts wrote in a client letter.
Experts: US Stock Market Loses Momentum – Bodes Badly for 2025
A weak December result for the S&P500, along with several technical indicators, point to a possible decline in 2025. This is the opinion of several experts, according to Market Watch.
Among other things, the percentage of stocks trading above their 200-day moving average on the S&P500 has fallen to its lowest level this year.
– We are concerned about a larger decline in January, and perhaps investors are too, given the declines on Friday, says BTIG technical analyst Jonathan Krinsky.
The fact that the broad US index has failed to break above 6,000 points suggests that the level may have begun to be seen as a “ceiling,” according to the analyst.
Gas prices
Cold and windless January suggests higher gas prices
European gas futures are trading higher as weather forecasts point to a cold January with light winds. Bloomberg writes, citing forecaster Maxar Technologies.
According to the news agency, gas prices could rise even more after the New Year when Russian deliveries are expected to cease.
“Higher prices will pressure industrial competitiveness and economic development,” a group of MET analysts wrote in a client letter.
The development of AI
Study: Researchers get more done with AI but less satisfied
The impact of AI on the labor market continues to be widely discussed. A new study by 26-year-old doctoral student Aidan Toner-Rodgers shows that AI can increase productivity by accelerating scientific progress.
Toner-Rodgers randomly gave different teams of researchers access to AI and what he found was striking, writes WSJ. After implementing the tool, researchers discovered 44 percent more materials, patent applications increased by 39 percent and the number of product prototypes rose by 17 percent. One negative aspect was that more than eight out of ten researchers reported lower satisfaction in a follow-up survey.
– An important, creative part of the process was automated, Toner-Rodgers tells WSJ.
Russian invasion Sanctions
Rounding sanctions and smuggling luxury cars into Russia
Despite EU sanctions against Russia, smugglers continue to import luxury cars from Europe, writes Financial Times. At least five Russian companies offer car smuggling, which now takes longer and more expensive routes, including through Turkey and Georgia – something an anonymous seller confirms.
The FT has, among other things, traced a black Mercedes-Benz S350 that was sold in January 2024 to a Kyrgyz cab company by German car dealer Kessler & Haag. In March, a taxi company in Moscow registered the vehicle.
“We have a buyer, a payer, an exporter, he has export documents. What else should we do?” Artur Kessler, a representative of Kessler & Haag, told the FT.
In 2022, the EU imposed a fourth package of sanctions on Russia, banning the export of certain luxury goods to Russia and tightening restrictions in July from Belarus.
Rounding sanctions and smuggling luxury cars into Russia
Despite EU sanctions against Russia, smugglers continue to import luxury cars from Europe, writes Financial Times. At least five Russian companies offer car smuggling, which now takes longer and more expensive routes, including through Turkey and Georgia – something an anonymous seller confirms.
The FT has, among other things, traced a black Mercedes-Benz S350 that was sold in January 2024 to a Kyrgyz cab company by German car dealer Kessler & Haag. In March, a taxi company in Moscow registered the vehicle.
“We have a buyer, a payer, an exporter, he has export documents. What else should we do?” Artur Kessler, a representative of Kessler & Haag, told the FT.
In 2022, the EU imposed a fourth package of sanctions on Russia, banning the export of certain luxury goods to Russia and tightening restrictions in July from Belarus.
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