Elon Musk’s $44 billion Twitter purchase ranks as worst deal for banks since the financial crisis: WSJ

The US stock market is making history:

The S&P 500 is now on track to outperform global stocks for the 14th year out of the last 15.

This is the longest streak in at least 75 years.

During this period, the index has rallied 446%, almost DOUBLE the 229% gain of the MSCI World…

BREAKING: The number of 401(K) accounts with a balance of at least $1 million jumped to a record 544,000 in Q3 2024.

This is up a whopping 56% from the 349,000 in the previous year as the stock market and contributions have risen.

Since Q1 2020, the number of 401(k)…

Gold is making history:

For the first time in history, both gold and the S&P 500 could post a +30% annual gain.

While central banks call for a "soft landing," they are STOCKPILING gold which is on track for its best year since 2010.

What is happening here?

(a thread)

Used car prices are rising again:

Wholesale used vehicle prices jumped 1.3% month-over-month in November to the highest since October 2023.

This was driven by the luxury and SUV segments which jumped +1.7% and +1.5%.

Midsize sedans, pickups, and compact car prices rose by…