The market's narrative today is split between the promise of future tech and the harsh reality of present-day supply chains. Let's dive in:

🌍 Macro & Policy

• PCE Inflation On Track: November PCE came in at +2.8% YoY, meeting expectations. This solidifies the view that the Fed will hold rates steady at next week's meeting.
• Greenland Deal "Framework": President Trump withdrew European tariff threats, announcing a 'framework' deal with NATO on Greenland. However, Greenland's PM reaffirmed the territory is "not for sale." The EU Parliament will review suspending the existing trade pact.
• IPO Watch: The first major crypto IPO of 2026, BitGo (BTGO), landed on the NYSE, pricing above range at $18 and closing up 2.7% after a volatile debut. Construction tech firm EquipmentShare (EQPT) also started trading on Nasdaq today.

📈 Stock & Sector Spotlights

• Tesla's (TSLA) Ambitious Timeline: At Davos, Musk announced plans for a public Optimus robot sale by end of 2027 and widespread Robotaxi deployment by end of 2026.
• Alibaba (BABA) Surges on Chip Spin-off: BABA plans to spin off and IPO its AI chip unit, T-Head, sending shares higher.
• Intel's (INTC) Painful Plunge: Despite a Q4 beat, the stock plummeted after hours due to weak Q1 guidance, blamed on severe supply shortages at their "lowest point" this quarter.
• Apple's (AAPL) Succession Signal: Hardware chief John Ternus has his role expanded to oversee design, marking him as a potential future CEO successor.
• Xiaomi's Big Buyback: Announced a HK$2.5 billion share repurchase plan, boosting its stock price.

🎁 Comment & Earn!

• Which move surprised you the most today?
• Are you adjusting your portfolio based on these headlines?
• Any sectors you’re bullish/bearish on after today’s news?

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