Preview of US Stock Market | The three major stock index futures fell simultaneously, with the market waiting quietly for the announcement of GDP and consumer data.

1. Before the US stock market opened on December 23 (Tuesday), the futures of the three major US stock indexes all fell. As of the time of this report, the Dow Jones futures fell by 0.05%, the S&P 500 index futures fell by 0.04%, and the Nasdaq futures fell by 0.03%. 2. At the time of this report, the German DAX index rose by 0.07%, the UK FTSE 100 index rose by 0.02%, the French CAC40 index fell by 0.22%, and the European Stoxx 50 index fell by 0.13%. 3. At the time of this report, WTI crude oil rose by 0.17% to $58.11 per barrel. Brent crude oil rose by 0.21% to $62.20 per barrel. Market News The US third-quarter GDP will be announced tonight. The US economy is expected to have grown at a faster pace in the third quarter, mainly due to strong consumer spending and business investments. However, the momentum of economic growth appears to have weakened due to rising living costs and the recent government shutdown. According to estimates, the GDP for the last quarter may have grown at an annual rate of 3.3%. In comparison, the economic growth rate in the second quarter was 3.8%. The Bureau of Economic Analysis (BEA) of the US Department of Commerce will also release the initial values of corporate profits for the third quarter and Gross Domestic Income (GDI), which measures economic growth from an income perspective. The non-partisan Congressional Budget Office (CBO) estimates that the recent government shutdown may cause a 1.0 to 2.0 percentage point drop in GDP for the fourth quarter. The CBO predicts that most of the GDP decline will eventually be compensated for, but estimates that there will still be a loss of $7 to $14 billion that cannot be recovered. While the upcoming third-quarter GDP data may not accurately reflect the current situation due to the passage of time, traders will also be watching consumer data, as consumer confidence sharply declined in November. Bank of America Corp CEO: AI's marginal impact is strong, or could become a new engine for the US economy. Bank of America Corp CEO Brian Moynihan said on Monday that the surge in investments in artificial intelligence (AI) this year may have a greater impact on the US economy. "AI investments have been building up this year and may become a bigger contributing factor next year and beyond," Moynihan said in an interview. "The role of AI is becoming increasingly evident, and while (economic growth) is not entirely due to AI, it is having a significant marginal impact." He pointed out that Bank of America Corp expects domestic economic growth to accelerate to 2.4% next year, compared to about 2% in 2025. Moynihan acknowledged that the labor market continues to soften, but he believes that this is more of a normalization. Oppenheimer: The US stock market's "Santa Claus rally" is here, with the "January effect" on the horizon! The "Santa Claus rally" from December 24th to January 5th has historically brought investors substantial returns, with the S&P 500 index averaging a 1.6% increase during this period since 1928. Over the past 97 years, the index has risen during these seven days 77% of the time (75 years). Oppenheimer's Chief Technical Analyst, Ari H. Wald, pointed out that this performance sharply contrasts with any typical seven-day period, which has an average gain of only 0.2% with a 57% chance of increase. Additionally, when the "Santa Claus rally" fails to materialize, the performance in the following one to two quarters often falls below average. Looking ahead to January, Oppenheimer analysts have identified encouraging signals based on the index's position relative to its 200-day moving average. "Santa Claus is sending you home": The Trump administration triples voluntary departure bonuses, accelerating mass deportations. The Trump administration announced that illegal immigrants who agree to voluntarily leave the United States by the end of this year will receive a $3,000 bonus and official payment of travel costs. This is the latest measure by the US government to accelerate mass deportations and reduce enforcement costs. According to the Department of Homeland Security, undocumented immigrants who apply for voluntary departure through the "CBP Home" app will have their travel arrangements and costs covered by the department, and may be exempt from civil penalties for overstaying their visas. The $3,000 grant amount this time is triple the amount announced in May ($1,000). This policy is part of an accelerated deportation effort during the year-end holidays. In a tweet posted on X platform, the Department of Homeland Security warned illegal residents, "Santa Claus is going to send you back home (GOING HO HO HOME)." BofA survey: Fund managers are almost "fully invested" for the year-end, with cash levels falling to a historic low of 3.3%. According to the latest survey of fund managers by Bank of America Corp, the cash levels of fund managers have fallen significantly to 3.3% of their assets, reaching a historic low. At the same time, investor confidence in economic growth, stocks, and commodities is soaring, with exposure to these asset classes, which typically perform well during economic expansions, reaching the highest level since February 2022. Stock News Novo Nordisk A/S Sponsored ADR Class B (NVO.US) oral weight loss pill approved by FDA, entering a new round in the "weight loss pill war" with Eli Lilly. Before the market opened on Tuesday, Novo Nordisk A/S Sponsored ADR Class B's stock price rose by 7.5% after the US Food and Drug Administration (FDA) approved its weight loss pill. This gives the company a competitive advantage in the rapidly evolving obesity treatment market. This approval position Novo Nordisk A/S Sponsored ADR Class B in a leading position in the race to develop potent oral weight loss drugs, as the company is currently working to regain market share lost to Eli Lilly (LLY.US). Novo Nordisk A/S Sponsored ADR Class B faced significant supply chain challenges when launching its injectable drug Wegovy in 2021, but the company claims to be better prepared this time. CEO Mike DuSta stated in November that the company has "more than enough pills" this time and will "go all out" to launch the product. Software issues lead to Amazon.com, Inc. (AMZN.US) Zoox recalling vehicles, raising safety concerns for autonomous driving. The National Highway Traffic Safety Administration (NHTSA) stated on Tuesday that Amazon.com, Inc.'s autonomous driving division Zoox is recalling 332 vehicles in the US due to errors in its autonomous driving system (ADS) software. NHTSA explained that the recall involves certain vehicles equipped with a software version released before December 19. When these vehicles are near or at intersections, they may cross the yellow center line and enter or stop in oncoming traffic, significantly increasing the risk of collision accidents. The agency further explained that Zoox has already provided free updates to the ADS software for the affected vehicles. Earlier this year, the company initiated a vehicle recall involving 270 vehicles. Former richest man Ellison on the line! Providing over $40 billion in personal guarantees for the Warner Bros. acquisition, potentially shaking up Oracle Corporation's wealth empire. Larry Ellison, the founder of Oracle Corporation and former world's richest man, has accumulated the world's third-largest fortune by tightly holding onto his company's stock. He rarely sells his shares and instead relies on loans to finance investments and living expenses totaling hundreds of billions of dollars. He confirmed on Monday that he would provide over $40 billion in irrevocable personal guarantees for the acquisition bid of Discovery Corporation by Paramount Sky Corporation (PSKY.US). A personal guarantee exceeding $40 billion would be Ellison's largest investment to date. This may force the billionaire to reduce his ownership in Oracle Corporation and transfer a significant portion of his wealth to a media giant led by his 42-year-old son, unproven in the market and burdened with debt, reshaping his wealth empire. From cautious to entering the market: JPMorgan Chase (JPM.US) considers launching cryptocurrency trading services. According to sources, JPMorgan Chase is considering providing cryptocurrency trading services to institutional clients, highlighting the increasing involvement of Wall Street banks in the digital asset space. It was revealed in reports that JPMorgan Chase is conducting a comprehensive assessment of its market business to explore the types of services it can introduce to further expand its influence in the cryptocurrency market, including spot trading and derivatives trading in various areas. However, these efforts are currently in the exploratory stage, and the formulation of specific plans will depend on whether the market has sufficient demand to support the launch of any particular product. If this move is eventually implemented, it will be a key milestone in the wider institutional adoption process of digital assets. Receiving multiple acquisition proposals, ZIM Integrated Shipping Services Ltd. (ZIM.US) rises nearly 9% in pre-market trading. ZIM Integrated Shipping Services Ltd. rose nearly 9% in pre-market trading. On December 22nd after the close, ZIM Integrated Shipping Services released a statement disclosing the latest developments in its strategic evaluation process: in the past few months, the board of ZIM Integrated Shipping Services has received multiple competitive bids from strategic investors to acquire all outstanding common shares of the company. The board is currently evaluating these proposals. Important Economic Data and Event Preview 21:30 Beijing time: US third-quarter real GDP annualized growth rate preliminary value (%), US third-quarter core PCE price index annualized growth rate preliminary value (%), US October durable goods orders monthly rate preliminary value (%). 22:15 Beijing time: US October industrial production monthly rate (%). 23:00 Beijing time: US December Conference Board Consumer Confidence Index 02:00 the next day Beijing time: US total rig count for the week ending December 26 (units). 05:30 the next day Beijing time: US API crude oil inventory change for the week ending December 19 (thousand barrels).