Message from Our Sponsor:

This tech company grew 32,481%...

No, it's not Nvidia... It's Mode Mobile, 2023’s fastest-growing software company according to Deloitte.

Just as Uber turned vehicles into income-generating assets, Mode is turning smartphones into an easy passive income source, already helping 45M+ users earn $325M+ through simple, everyday use.

They’ve just been granted their stock ticker by the Nasdaq, and you can still invest in their pre-IPO offering at just $0.26/share.

Invest Now

*Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.
*The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.
*Please read the offering circular and related risks at invest.modemobile.com.

Market Summary

1. Article We’re Reading

Pressing for Yet More
On December 6, the S&P 500 set the most extreme level of valuations on record, exceeding both the 1929 and 2000 market peaks on measures that we find best-correlated with actual, subsequent 10-12 year S&P 500 total returns across a century of market cycles.

Reliable valuation measures are enormously informative about…(read further at HussmanFunds.com)

2. Video We’re Watching

The end of China’s rise and the Future of Global Order

Summary

• China’s Decline: Once seen as the center of the "Asian Century," China’s economic growth has stalled and is now reversing.

• Debt & Demographic Crisis: Exploding debt, capital flight, and a shrinking workforce threaten long-term stability.

• Geopolitical Isolation: Countries are distancing themselves from China due to trade restrictions and growing security concerns.

• Military Expansion & Conflict Risks: China is rapidly increasing military spending and escalating tensions in Taiwan, the South China Sea, and with India.

• Future Uncertainty: Beckley warns that declining powers often turn aggressive, increasing the risk of global instability.

Insights Based on Numbers

• China’s economy is 20% smaller than official reports suggest.

• Worker-to-retiree ratio will drop from 15:1 to 2:1 by the 2030s.

• China’s debt surpasses U.S. levels, raising concerns about sustainability.

3. Chart We’re Analyzing

Norway's Wealth Fund, officially known as the Government Pension Fund Global (GPFG), is the world's largest sovereign wealth fund, managing over $1.5 trillion in assets. Established in 1996, the fund was designed to invest surplus revenues from Norway's oil and gas industry to ensure long-term financial stability for future generations. It is managed by Norges Bank Investment Management (NBIM) and follows a strict ethical and sustainable investment strategy, holding stakes in thousands of companies worldwide. The fund's diversified portfolio spans stocks, bonds, real estate, and renewable energy projects, making it a model for responsible and long-term wealth management.

4. Term We’re Defining

A Sovereign Wealth Fund (SWF) is a state-owned investment fund or entity that manages a country's surplus wealth, often derived from revenues generated by natural resources like oil, gas, or mineral exports. These funds are designed to support long-term economic stability, save for future generations, or finance various government expenditures. SWFs typically invest in a diversified portfolio of assets, including stocks, bonds, real estate, and other financial instruments, with the goal of preserving and growing the wealth over time. Examples of SWFs include Norway’s Government Pension Fund Global and the Abu Dhabi Investment Authority.

5. Quote We’re Reflecting On

Here’s Why Over 4 Million Professionals Read Morning Brew

• Business news explained in plain English

• Straight facts, zero fluff, & plenty of puns

• 100% free

See for yourself