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    Weekly market recap
    Stock futures fluctuated in overnight trading Sunday following a losing week as investors continued to grapple with the resurgence of Covid cases and an upcoming shift in the Federal Reserve's easy monetary policy.
    The major averages are coming off a negative week, with the $S&P 500 Index(.SPX.US)$ declining 1.9%. The tech-heavy $Nasdaq Composite Index(.IXIC.US)$ dropped nearly 3% last week as investors dumped high-flying growth stocks on the prospect of higher interest rates, while the $Dow Jones Industrial Average(.DJI.US)$ slipped 1.7%.
    Here's a look at the return of S&P 500 sectors
    The week ahead in focus
    Stock and bond markets around the world will be closed Friday in observance of Christmas. Before the holiday break, Nike and Micron Technology report on Monday, BlackBerry and General Mills on Tuesday, and CarMax, Cintas, and Paychex on Wednesday.
    It will be a busy week of economic data releases. On Monday, the Conference Board publishes its Leading Economic Index for November, followed by its Consumer Confidence Index for December on Wednesday.
    On Thursday, the Bureau of Economic Analysis reports personal income and consumption expenditures for November. Consumer earnings are forecast to have risen 0.6% while spending is seen climbing 0.5%. The Federal Reserve's preferred measure of inflation, the core PCE price index, is expected to have spiked 4.5% in November.
    Also Thursday, the Census Bureau releases the durable goods report for November, which will provide a window into investment spending in the economy. New orders are forecast to have risen 2.1%. Housing-market indicators out this week include existing-home sales for November on Wednesday and new-home sales for November on Thursday.
    Monday 12/20
    $Micron Technology(MU.US)$ and $Nike(NKE.US)$ report quarterly results.
    The Conference Board releases its Leading Economic Index for November. Consensus estimate is for a 119 reading, which would be 0.6% more than October's level. The Conference Board currently projects a 5% growth rate for fourth-quarter gross domestic product and a slower but still robust 2.6% for 2022.
    Tuesday 12/21
    $BlackBerry(BB.US)$, $FactSet Research Systems(FDS.US)$, and $General Mills(GIS.US)$ announce earnings.
    Wednesday 12/22
    The NAR reports existing-home sales for November. Economists forecast a seasonally adjusted annual rate of 6.4 million homes sold, slightly more than in October and the highest since the beginning of the year.
    $CarMax(KMX.US)$, $Cintas(CTAS.US)$, and $Paychex(PAYX.US)$ hold conference calls to discuss quarterly results.
    The Bureau of Economic Analysis reports its third and final estimate for third-quarter GDP. Economists forecast a 2.1% seasonally adjusted annual growth rate, unchanged from November's second estimate.
    The Conference Board releases its Consumer Confidence Index for December. Expectations are for a 110 reading, roughly even with the November data. The index is 15% lower than the postpandemic peak reached in June of this year, due to concerns about rising prices and, to a lesser degree, Covid-19 variants.
    Thursday 12/23
    The Department of Labor reports initial jobless claims for the week ending on Dec. 18. Jobless claims have averaged 225,667 a week in November and December, and have finally reached prepandemic levels.
    The Census Bureau reports new-home sales for November. Consensus estimate is for a seasonally adjusted annual rate of 770,000 new single-family houses sold, 25,000 more than in October. The median sales price of new houses sold in October was $407,700, while the average sales price was $477,800 -- both record highs.
    The BEA reports personal income and consumption expenditures for November. Economists forecast a 0.6% monthly increase for income and 0.5% for consumption. This compares with gains for 0.5% and 1.3%, respectively, in October. The Federal Reserve's preferred inflation gauge, the core PCE price index, jumped 4.1% year over year in October, the fastest rate since 1991. Predictions are for it to spike 4.6% in November.
    The Census Bureau releases the durable goods report for November. New orders for durable manufactured goods are expected to increase 2.1%, to $265.6 billion. Excluding transportation, new orders are seen gaining 0.6%, compared with a 0.5% rise in October.
    Friday 12/24
    U.S. equity and fixed-income markets are closed in observance of Christmas.
    Source: CNBC, jhinvestments, Dow Jones Newswires
    What to expect in the week ahead (CCL, MU, NKE, BB)
    What to expect in the week ahead (CCL, MU, NKE, BB)
    What to expect in the week ahead (CCL, MU, NKE, BB)
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    7
    Hey mooers,
    Welcome back to our channel!
    This week, we invited an outstanding product manager to share some exciting stories with us. Let's welcome our fourth guest – Arlene!

    Host: Hey Arlene, welcome! Thank you for coming. How are you doing today?
    PM Arlene: Pretty good. I can't wait to share my story in "Talk to PM" with mooers. I have been looking for a chance to communicate in-depth with our users, so it is my great honor to be here with you.
    Host: Can you briefly introduce the feature you've brought us today?
    PM Arlene: Sure. The feature I would like to introduce today is "Widget". We've received users' feedback that they want to monitor the market quickly and conveniently, so we started to look for a way to enable users to access their watchlists without opening the app. That's how we came up with the idea of "Widget."
    With Widget, users can turn on their phones and view the watchlist quotes instantly. It also enables users to create groups, add index quotes, and choose the skin colors by themselves, making this feature quite personalized!
    Host: Is there any exciting story that happened while developing the feature?
    PM Arlene: Yeah, there is. Android phone models and system capabilities are diverse. After we launched Widget in Android, we got user feedback at 11 pm that a bug had occurred. It's pretty late, but we can't let the bug be there overnight. So my team and I followed up immediately. We fixed the bug within half an hour. I was stressed out, but it was also exciting.
    Host: What do you think of the moomoo PM team?
    PM Arlene: As a moomoo product manager, I realized that our culture is to pursue the ultimate product experience, listen to our users, and offer timely data feedback. Our team structure is flat, and the teammates are young and creative. It's pretty joyful to be a moomoo product manager.
    Host: What would you be if you weren't in your current career?
    PM Arlene: Wow, this is an interesting question. Well, I love my current job very much. I haven't considered changing my career so far, but if this happens, I guess I will probably start my own business and become a CEO. Hahaha. In years of working as a moomoo product manager, I have cultivated good intuition and built a judgment system that quickly captures users' pain points. Maybe it's time... LOL.
    Host: Apart from being a PM, what do you like to do in your spare time?
    PM Arlene: Emm, I love swimming and playing badminton. I also paint after work. I have been learning painting, especially drawing, for a long time. Appreciating the work of art itself can calm me down and allow me to observe nature quietly. Besides, I travel during the holidays. So far, I've traveled to more than 50 cities.
    Host: It sounds like you have a life outside of work. Could you please tell us what animal do you think can best describe you?
    PM Arlene: Leopard, I guess. I aim to be highly efficient, have quick responses, be interested in novel things, and be curious about the world. To survive, leopards have to be transcendent. Only by surpassing other animals, chasing the prey at the fastest speed, and holding on to the bite can they catch the prey and obtain food. I think being a product manager is the same. PMs need to develop products that can improve quickly and capture user pain points rapidly to attract and retain users. Transcendence is my magical weapon to win. For this reason, I constantly challenge myself, impose pressure on myself, and pursue the ultimate status, which also coincides with Futu's core values.
    Host: Interesting! Can you share your life motto with us?
    PM Arlene: My life motto comes from Black Widow. She once said, "Your pain only makes you stronger". I transform my stress into motives that push me forward. I will continue to polish my products and positively overcome difficulties.
    Host: Good sharing! Last but not least, why do you think users should choose moomoo as their favorite and vote for you?
    PM Arlene: moomoo is a simple shortcut to investing. I want to say that you are all welcome to join our big family to make investment easier and not alone!
    Thanks, Arlene, for the wonderful sharing!

    Vote for Arlene if you like her features and story!
    If you have any questions, please feel free to send your ideas, thoughts and feedbacks to Arlene at Moo Features - Talk to PM zone. We aim to provide you with the best experiences and are looking forward to your feedback.
    Links for three previous episodes of moomoo Product Story:
    PM George: The “Investment Rush Hour” made me become a product manager.
    PM Jane: The super power I wish to have is mind reading!
    PM Jason: "Art comes from life, so does a great product"
    moomoo Product Story Ep4: “A good plan today is better than a perfect plan tomorrow.”
    moomoo Product Story Ep4: “A good plan today is better than a perfect plan tomorrow.”
    23
    $BlackBerry(BB.US)$ They increase from 417,178 shares to 1,789,366 Blackberry shares within a span of 3 months. Insane Bullish Signal for BB.
    GoldmanSachs increased their BB shares by 328% on 10th November 2021
    By Julianna
    Roundhill Investment, an ETF sponsor focused on offering innovative thematic funds, announced on Monday that META— the $ROUNDHILL BALL METAVERSE ETF(META.US)$— surpassed $250 million in assets under management (AUM) last week.
    META incepted on Jun 30, 2021, and it crossed $50 million AUM in 6 weeks, $100 million AUM in 9 weeks, and this latest milestone in 18 weeks. As of Nov.10, the AUM of META has increased to $314 million.
    According to META investment strategy, the ETF is designed to offer investors exposure to the Metaverse by providing investment results that closely correspond, before fees and expenses, to the performance of the Ball Metaverse Index ("META Index"). The Ball Metaverse Index is the first index globally designed to track the performance of the Metaverse.
    To learn more about the Ball Metaverse Index:ballmetaverse.co
    FOLLOW ME to know more about ETFs
    PLZ leave your comments and likes below
    META has been very strong recently, rising for six consecutive weeks.
    "We see some of the world's most powerful and capable companies focusing on the Metaverse, And rightfully so in our opinion -- it is coming and will transform our global economy and human society at large.
    I'm Glad so many investors see this potential and have chosen the META ETF for exposure to what we -- and many others -- believe is a multi-trillion dollar opportunity."
    - said Matthew Ball, Founder of Ball Metaverse Research Partners.
    Based on the idea above, META covers most companies related to the concept "Metaverse." Top holdings includes $NVIDIA(NVDA.US)$, $Roblox(RBLX.US)$, and $Microsoft(MSFT.US)$.
    Top 15 holdings:
    Metaverse sector's opportunity:
    ARK Research estimates revenue from virtual worlds could approach $400 billion by 2025.
    Bloomberg Intelligence believes the market opportunity for the Metaverse can reach $800 billion by 2024.
    How do you think of Metaverse? Will you invest in the META and related stocks?
    Source: PRNewswire, Roundhill Investment
    Riding on Metaverse: META ETF crosses $300 million AUM in four month
    Riding on Metaverse: META ETF crosses $300 million AUM in four month
    Riding on Metaverse: META ETF crosses $300 million AUM in four month
    12
    The launch of Bitcoin-futures ETFs was a watershed moment. But for crypto diehards, the Holy Grail remains a physically-backed product.
    Bitcoin is eating gold as fast as it can and will over the next two-to-three years replace all gold exchange-traded funds.
    - MicroStrategy Inc. Chief Executive Officer Michael Saylor.
    It will also emerge as the primary asset index for the Western world and will eventually replace $SPDR S&P 500 ETF(SPY.US)$, which is a $425 billion fund that tracks the equity index, Michael Saylor noted.
    To do that, you need the spot ETF, and once these spot ETFs roll, I think you'll see billions, then tens of billions, then hundreds of billions, then trillions of dollars flow into them.
    - said Saylor, who has invested his company's treasury in the digital currency.
    Two funds tracking Bitcoin futures started trading in October. The first, the $ProShares Bitcoin Strategy ETF(BITO.US)$, accumulated more than $1 billion in assets in just days, while the second, the $Valkyrie Bitcoin and Ether Strategy ETF(BTF.US)$, saw a quieter but still-vigorous reception. Their premieres built a lot of excitement about Wall Street acceptance toward crypto -- and help pave the way for further applications for similar products.
    FOLLOW ME to know more about ETFs
    PLZ leave your comments and likes below
    Nic Carter, general partner at Castle Island Ventures and co-founder of Coin Metrics, agrees that the futures-based product is "inferior." He says a spot-Bitcoin ETF would be "the hottest commodity ETF launch of all time, attracting probably well over $100 billion in assets within a month or so."
    Since the launch of the initial two funds, issuers hoping to capitalize on the momentum, have rushed to file for other similar or offshoot products. Some analysts anticipate thatmany more such applications could flood the system in the months to come, though regulators have thus far been hesitant around a few of them.
    Hester Peirce, a Republican member of the U.S. Securities and Exchange Commission, said the regulator has been public about why it’s rejected a spot product. “The reason is that the Bitcoin markets don’t look like our regulated securities markets,” she said at the summit Thursday. “The thing that regulators are most comfortable with is markets that look like our own.”
    Watch: U.S. Securities and Exchange Commissioner Hester Peirce talked to Bloomberg TV's Alix Steel about the regularoy outlook.
    As to what could push Bitcoin higher, Caitlin Long, founder and CEO of Avanti Bank & Trust, said the coin doesn’t need a catalyst. “All we care about is that it keeps on trucking,” she said. “At the end of the day, as long as the core Bitcoin blockchain is still adding blocks, then Bitcoin is just fine.”
    What is your opinion about bitcoin spot ETF? Do you prefer bitcoin spot ETF or bitcoin futures ETF ?
    Source: Bloomberg
    Opinion: Bitcoin bulls see 'trillions' of inflows when spot ETF wins approval
    6
    Ⅰ. Overview of new features
    1. [Addition] The Exchange of Every Option Trade Now Viewable
    2. [Addition] Exchange Distribution of US Option Trades
    II. Introduction of new features
    1. [Addition] The Exchange of Every Option Trade Now Viewable
    Path: Detailed Quotes Page of a US Option - Intraday - Ticker
    Intro: You can now easily check which exchange every option trade takes place
    2. [Addition] Exchange Distribution of US Option Trades
    Path: Detailed Quotes Page of a US Option - Intraday - ...
    What's New: Exchange distribution of US option trades available in Android 11.15
    What's New: Exchange distribution of US option trades available in Android 11.15
    11
    By Zoe
    Good morning moomooers! Here are things you need to know before the opening bell:
    - U.S. stock futures are slightly higher as the market tries to restart rally, energy stocks gain
    - U.S. services sector slowed in June
    Market snapshot
    U.S. stock futures traded in slightly positive territory early Wednesday morning after the S&P 500 ended a seven-day winning streak, its longest since August.
    Dow Jones Industrial Average futures rose jus...
    Morning Briefing: Pentagon cancels $10 billion cloud contract given to Microsoft
    Morning Briefing: Pentagon cancels $10 billion cloud contract given to Microsoft
    Morning Briefing: Pentagon cancels $10 billion cloud contract given to Microsoft
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    13
    My father never dabbled in investments.. so I would like to leave a message for my children.
    These hands that you see, have been through so much, holding these juicy blackberries.
    Through fear, stress, panic and pressure, I finally achieved my diamond hands So my children, don't be paper hands!!