Market Update

On this day in history, December 18th 1865, Slavery abolished in America with adoption of 13th amendment. Following its ratification by the requisite three-quarters of the states earlier in the month, the 13th Amendment is formally adopted into the U.S. Constitution, ensuring that “neither slavery nor involuntary servitude… shall exist within the United States, or any place subject to their jurisdiction.”

Economic Data Today:

News of the Day:  

Still no COVID-19 relief bill as U.S. Congress faces shutdown deadline – https://www.reuters.com/article/us-health-coronavirus-usa-congress/still-no-covid-19-relief-bill-as-u-s-congress-faces-shutdown-deadline-idUSKBN28S1BG

U.S. current account deficit rises to more than 12-year high – https://www.reuters.com/article/usa-economy-currentaccount/update-1-u-s-current-account-deficit-rises-to-more-than-12-year-high-idUSL1N2IY15J

Inside the Cutthroat World of China Mutual Fund Livestreaming (Should our IC do this?) – https://www.bloomberg.com/news/articles/2020-12-16/inside-the-cutthroat-world-of-china-mutual-fund-livestreaming?srnd=premium

Tesla heads to the S&P after meteoric rise and some investors want more – https://finance.yahoo.com/news/tesla-heads-p-meteoric-rise-060000679.html

Other News & Blogs:

The Year in Review: 2020 in 20 Visualizations – https://www.visualcapitalist.com/year-review-2020-in-20-visualizations/

The 2020s Will be the Decade of Customization For Financial Advisors – https://awealthofcommonsense.com/2020/12/the-2020s-will-be-the-decade-of-customization-for-financial-advisors/

Last Man Standing – https://www.collaborativefund.com/blog/standing/

Weekend Podcast Recommendations:

Acquired Podcast – Airbnb – https://open.spotify.com/episode/4lN4LAJXL7UqF1OYmc2iPr?si=bOIER1uCSS67HuJ_ik-L7A

Infinite Loops – Alex Danco – Shopify, SPACs, & Status – https://open.spotify.com/episode/0j1Z00XeQnlm0bd2eXdzOm?si=pFEyEoVdS7KC0844m3ZjWg

Econ Talk – Branko Milanovic – https://open.spotify.com/episode/7v2zbEZA7WxoDRceC7OC8R?si=_-_vqQwUS4a2IdoABlwycA

Have a Merry Christmas and don’t forget to spread the word. Bitcoin cannot buy itself!

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