3 things investors need to know from last week!

Stocks Drift as Doubt Undermines Soft-Landing Bets: Stocks drifted as traders pushed back on optimistic scenarios that central bankers will cut interest rates in time to avert recession. Investors are starting December riddled with doubt as November’s epic rally fizzles. What had become the prevailing wisdom last month — that a “Goldilocks” scenario can be fulfilled by US central bankers in early, rapid rate cuts in 2024 — is now grounds for debate.

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Source: Yahoo Finance

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Uber shares pop as a company is slated to join S&P 500:?Uber stock finished the day 2.2% up on Monday after news crossed late Friday that the company would be joining the S&P 500. The mechanics behind this move aren't hard to sort out — with over?$7 trillion tracking the index, there are a large number of forced buyers of the stock, namely the fund sponsors offering investors ETFs, mutual funds, or other products that seek to match the S&P 500.

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Source: Yahoo Finance

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Moody’s Cuts China Credit Outlook to Negative on Rising Debt: Moody’s Investors Service cut its outlook for Chinese sovereign bonds to negative, underscoring deepening global concerns about the level of debt in the world’s second-largest economy. Moody’s lowered its outlook to negative from stable while retaining a long-term rating of A1 on the nation’s sovereign bonds, according to a statement.

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Source: Bloomberg

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