Following the much-stronger-than-expected GDP print, U.S. Industrial Production also surprised to the upside, rising 0.2% MoM in November and pulling the YoY change up to 2.52%.

A snapshot of today’s markets: speculative IPOs, failed equity breakouts, strength in precious metals, weakness in bonds, and ongoing skepticism toward crypto as capital rotates amid volatility and macro uncertainty.

Tesla's stock is nearing a 52-week high, buoyed by hopes of rate cuts and strong earnings expectations, though long-term concerns about its unit economics and margins persist.