Record Highs Keep Coming
U.S. equities hit new all-time highs today, with the S&P 500 and Nasdaq both stretching their December rally further. According to reports, the S&P 500 closed at a record as easing inflation expectations, stable yields, and continued strength in mega-cap technology drove broad index gains.
Sure, leadership remains concentrated in a handful of big names, but the momentum is real. The rally reflects improving risk appetite, lighter positioning heading into year-end, and growing confidence that monetary policy is finally shifting from headwind to tailwind as we move into 2025.
Space Internet Gets Closer to Reality
AST SpaceMobile confirmed a successful launch of its BlueBird-6 satellite, a major milestone for the company's direct-to-device satellite connectivity roadmap. The satellite deployed as planned and initial systems checks indicate nominal performance, marking another step toward commercial global coverage.
For ASTS, this is a huge de-risking event. The company is one of the few attempting space-based cellular broadband at scale, and every successful launch validates the entire business model. Investors treat these launches as critical proof points, and today's outcome reinforces long-term confidence in the constellation buildout.
Holiday Schedule Thins the Crowd
Today is a shortened trading session for Christmas Eve, with U.S. markets closed on Christmas Day. Trading resumes Friday, leaving just a handful of sessions before the year wraps up.
Liquidity will be thin, price moves may be exaggerated, and most investors are focused more on managing risk than initiating new positions. With new highs already in place, the final days of the year are about protecting gains rather than chasing them.
