Stock Index Futures Advance After Prior Session's Bounce 📈

Wednesday Recovery Gains Momentum as Bitcoin Rebounds and Risk Appetite Returns

Hey there, friend! Markets are serving up continued recovery on Wednesday as Wall Street hopes to extend Tuesday's bounce with stock futures advancing and Bitcoin surging 7.4% over the past 24 hours to $92,893. Risk appetite is returning after a rocky start to December, with both stocks and crypto's moving higher following Monday's red open. ADP employment report landing before bell alongside import/export prices, PMI composite final, and ISM service index providing key economic data, while major enterprise software earnings from Salesforce and Snowflake headline after-close releases. Let's dig into today's market menu! Plus, try your luck and win a $50 Amazon Gift Card! 🎁 - Dan Featured: Investors are rushing in because if AR truly becomes "as big as smartphones," companies like Elf Labs—who control the content ecosystem rather than the hardware—could capture the lion's share of the upside.*  Starters  S&P 500 Futures 0.15% to 6,839.64 Nasdaq 100 Futures 0.08% to 25,575.11 Dow Futures 0.23% to 47,582.14 10-Year Treasury 4.08% (down 2bp) Gold 0.4% to $4,237 Silver 0.67% to $58.09 Oil 1.12% to $59.30 Bitcoin 7.4% to $92,893 'Highly traumatised': Hong Kong presses ahead with elections after deadly fire South Korea's Lee praises Trump, hopes US can resume North Korea dialogue Rafah crossing will open soon to let Gazans cross into Egypt, COGAT says Taiwan looking forward to re-establishing ties with Honduras, foreign minister says Former EU foreign policy chief Mogherini accused of fraud and corruption Israel says the remains Hamas handed over on Tuesday are not those of a Gaza hostage Hunt for missing flight MH370 to resume this month, Malaysia says YouTube says it will comply with Australia's teen social media ban Taiwan cheered, China upset after Trump signs new Taiwan legislation into law  Chef's Pick: Biotech ASH Conference Catalyst Recipe  The market is hungry for risk again as Bitcoin jumps ~7% overnight, while biotech and AI software headline today's catalysts. We highlight Kura Oncology (KURA) as a Strong Buy ahead of its Dec. 8 ASH readout—expect volatility with Syndax's strong data in the mix. Salesforce and Snowflake report tonight, and their AI monetization metrics will show whether real revenue is starting to flow. Pre-market ADP and ISM numbers are the last clues before the Fed meeting, keeping a 76% cut probability in focus. Meanwhile, American Eagle's 10% surge on strong comps reinforces consumer strength and supports the soft-landing narrative.   READ THE FULL ANALYSIS  Presented by Cash App  The go-to debit card for instant discounts Get instant discounts at places you already shop with a Cash App Card. It's a debit card that works where Visa is accepted, even at ATMs. Whether it's time for groceries, a ride to meet a friend, or something you've been eyeing, you'll get access to offers that turn everyday spending into real savings.   Why you'll love it: Exclusive offers to save on everyday spending No monthly or hidden fees 24/7 fraud monitoring to avoid scams before they can happen Instant ways to lock your card if it's ever lost or stolen Pay over time for eligible purchases with Cash App Afterpay Order Cash App Card**  Entrée  Investment Bite: Olympian Motors   Olympian Motors is raising Series-A capital as a next-generation electric vehicle company pioneering open modular EV architecture, challenging traditional automotive manufacturing. Founded by a team from Tesla, Nvidia, and Apple with backing from Y Combinator, NVIDIA, Climate Capital, Mobility Vision, Amazon AWS, Soma, and Collaborative Fund.   Manufactures timeless art-deco electric vehicles powered by proprietary eMVDS (modular Vehicle/Drivetrain System) representing "Lego-EV" approach. Open modular architecture delivers 85-90% reductions in tooling and machinery costs with 60-80% faster production lead times. Fully-decoupled car blocks reduce traditional OEM tooling, machinery, and labor expenses by 70-85% per car, with a 50-60% reduction in wiring harness expenses.   Key Investment Details: Offering Type: Series-A Round Equity (November 2025) Minimum Investment: $500 Revenue Pipeline: $61M+ with 790+ vehicle orders Production Capacity: 2,400 units in 2026 Strategic Partners: NVIDIA, AWS, CATL, Google Cloud, Qualcomm, Bosch VC-Backed: Y Combinator, raised $250K+ from venture firms Risk Level: Speculative early-stage automotive with high capital requirements   Investor Considerations: Recent deliveries completed in October 2025, with the second batch in California, demonstrating production capability Strategic partnerships with NVIDIA for an AI-powered platform and AWS for an AI-Cockpit, validating the technology approach Targeting 7% US light-passenger vehicle market share by 2030, representing ambitious growth in a competitive landscape Modular production dramatically lowers capital intensity compared to traditional automakers, though scaling risks remain Two international joint ventures were signed in August 2025, providing global expansion pathways though execution complexity high  The Pantry Report   Today's Economic Menu - USD Key Events ADP Non-Farm Employment Change: 5K (previous: 42K) Import Prices m/m: 0.1% (previous: 0.3%) Capacity Utilization Rate: 76.9% (previous: 77.4%) Industrial Production m/m: 0.1% (previous: 0.1%) Final Services PMI: 55.0 (previous: 55.0) ISM Services PMI: 52.0 (previous: 52.4) Crude Oil Inventories: -1.9M (previous: 2.8M) President Trump Speaks   Upcoming Earnings Feast - Wednesday Salesforce, Snowflake, Dollar Tree, Five Below, C3.ai, Macy's, UiPath, Royal Bank of Canada  À La Carte  Netflix-HBO Max Bundle Would Lower Consumer Costs: Made a case bundling with Warner Bros Discovery's HBO Max would lower costs per sources. Proposed bundle could cost less than individual subscriptions addressing regulatory concerns combining would reduce choice and raise prices. Netflix reportedly submitted mostly cash offer for Warner Bros' streaming and studio business expanding its library.   SEC Warns Direxion, ProShares, Tidal Stalling Leveraged ETF Launches: Issued warning letters to top leveraged ETF providers blocking rollout of products delivering two or three-times-daily returns. In nine letters, Tuesday told firms including Direxion, ProShares, and Tidal would not review proposed launches until issues were addressed. The regulator is concerned that funds are taking more risk than rules allow.   Comcast Seeks to Merge NBCU Into Warner Bros: Looking to merge NBCUniversal with Warner Bros Discovery per Bloomberg. Monday made a renewed offer for part of Warner Bros, giving control of the combined entity. WBD shareholders would receive cash and stock, with CEO Zaslav having a management role. Aims to create a larger behemoth combining the NBC network, studios, and theme parks.   Crypto Giant Binance Names Yi He as Co-CEO: World's largest cryptocurrency exchange, Wednesday, named co-founder Yi He as co-CEO, joining Richard Teng in dual leadership. Yi He longtime executive with the company for eight years currently the chief customer service officer. Appointment highlighted by Teng at Binance Blockchain Week, praising contributions, describing it as a natural progression.   Rivian Runs Software Update to Fix Seatbelt Issue: Issued over-the-air update to fix seatbelt issue in nearly 35K vehicles. "Damaged pretensioner cable may not restrain occupant, increasing crash injury risk," per NHTSA. Recall covers 34,824 2022-2025 EDV vehicles with Rivian issuing OTA and will inspect and replace the driver's seat belt assembly as necessary.   Ericsson Takes Minority Stake in LotusFlare: Announced strategic partnership and minority stake acquisition in LotusFlare software development company focused on telecommunications. Financial details undisclosed. Collaboration designed to accelerate monetization of advanced network capabilities for Communication Service Providers via network APIs. Companies will jointly create solution blueprints for the Network API Exposure Layer.  Today's Special  The best time to forecast? Now.   Q4 is the perfect window to turn this year's numbers into a clear, actionable forecast aligned with your goals. Set your business up for a stronger 2026 with BELAY's new guide.   Download The Financial Planning Playbook: 10 Strategies for Small Business Growth today.***  Nibbles  Marvell Technology (MRVL ⬆️ 9.8%): Jumped after chip maker beat Wall Street's Q3 earnings and revenue targets and forecast stronger-than-expected growth for the data-center segment. Also announced the acquisition of AI start-up Celestial AI in a cash-and-stock deal valued at approximately $3.25B. Analyst bias: Custom silicon capitalizing on AI infrastructure buildout with Celestial acquisition, accelerating optical interconnect capabilities for hyperscale data centers.   CrowdStrike (CRWD ⬇️ 2.1%): Dropped after cybersecurity company narrowly topped Q3 earnings and revenue estimates and issued solid Q4 guidance. Investors are looking for an excuse to dump shares that appear overvalued, having risen 130% since bottoming in August 2024. Now fetches 79 times projected free-cash-flow-per-share for the next 12 months. Analyst bias: Cybersecurity leader facing valuation compression despite solid execution with a premium multiple, creating profit-taking pressure.   Strategy (MSTR ⬆️ 2.5%): Advanced as Bitcoin up 7.2% to $93,003 over the past 24 hours, with investors piling back into risk assets. Major Bitcoin holders rallied alongside Coinbase, adding 2.4% and Robinhood climbed 1.4%. Analyst bias: Corporate Bitcoin treasury benefiting from crypto recovery with leverage to spot price, providing amplified upside as digital assets regain momentum.   American Eagle Outfitters (AEO ⬆️ 13%): Gained after the clothing retailer reported record sales and better-than-expected earnings in fiscal Q3. Same-store sales climbed 4% from the year ago, reflecting the success of marketing campaigns featuring Sydney Sweeney and Travis Kelce. Executives said campaigns drove customer engagement and attracted new shoppers. Analyst bias: Teen retailer showing strong execution, validating pricing power and brand strength with celebrity marketing driving traffic.   Asana (ASAN ⬆️ 5%): Rose after the work management platform raised its fiscal-year outlook. Posted wider-than-expected Q3 loss but topped Wall Street's revenue target. Analyst bias: Work management software showing revenue strength, though the path to profitability remains unclear, with guidance raises providing confidence.   Box (BOX ⬇️ 6.1%): Dropped after the cloud tools developer missed analysts' estimate for Q3 adjusted earnings. Beat on revenue beat expectations, which Box attributed to rising demand for the AI-powered content management platform. Analyst bias: Cloud collaboration is facing profitability pressure despite a revenue beat, with AI features not yet translating to margin improvement.   GitLab (GTLB ⬇️ 8.8%): Tumbled after the software-development tools provider's forecast for the current quarter came slightly below Wall Street expectations. Swung to a loss for Q3 even as it posted double-digit sales gains. Analyst bias: DevOps platform facing growth deceleration concerns with profitability deterioration, creating overhang despite solid topline growth.   Okta (OKTA ⬇️ 3.3%): Slid after identity-security company beat Q3 earnings and revenue targets but didn't guide for next fiscal year. Analyst bias: Identity management is showing solid execution, though a lack of full-year guidance is creating uncertainty with the market seeking more visibility.   Pure Storage (PSTG ⬇️ 12%): Slumped after the data storage company's Q3 earnings met analysts' expectations. Profit fell from the year before as operating costs rose across the board. Analyst bias: Data storage is facing margin pressure with rising operating costs offsetting revenue growth, creating profitability concerns.   Coinbase (COIN ⬆️ 2.4%): Added as Bitcoin rallied 7.2% over 24 hours to $93,003. Digital-asset exchange benefiting from crypto recovery, with trading volumes improving. Analyst bias: Exchange operator positioned to benefit from Bitcoin strength with volatility driving transaction activity regardless of direction.   Robinhood Markets (HOOD ⬆️ 1.4%): Climbed as crypto recovery drove trading platform higher. Online-trading platform benefiting from risk-on sentiment returning. Analyst bias: Trading platform gaining from both crypto and equity market recovery, with retail engagement improving as risk appetite returns. 💳 Get instant discounts, zero hidden fees, and everyday savings everywhere Visa is accepted with the Cash App Card.**  Food for Thought  ETF Gainers: Tradr 2X Long MDB ETF (⬆️ 44.73%): MongoDB surge 2x Solana ETF (⬆️ 23.47%): Crypto momentum ProShares Ultra Solana ETF (⬆️ 22.81%): Solana rally Direxion Daily BA Bull 2X (⬆️ 20.41%): Boeing bounce Leverage Shares 2X Long BA ETF (⬆️ 20.33%): Boeing leverage   ETF Losers: Defiance 2X Long IREN ETF (⬇️ 30.10%): Iren collapse Tradr 2X Long IREN ETF (⬇️ 28.32%): Mining pressure Tradr 2X Long ALAB ETF (⬇️ 26.70%): Astera Labs retreat T-REX 2X Long CIFR ETF (⬇️ 20.62%): Cipher correction Defiance 2X Short BMNR ETF (⬇️ 20.37%): Biomanera inverse pain  Takeways  🥡 Q4 Clarity: Your Perfect Window to Forecast for 2026. Q4 is the prime opportunity to turn this year's financial numbers into a clear, actionable forecast, allowing you to align your strategy with your business goals and set yourself up for stronger growth in 2026. Ready to plan next year with confidence? Download The Financial Planning Playbook: 10 Strategies for Small Business Growth today!***   🥡 Global Rotation: Oil Oversupply Builds as ASEAN Exports and Crypto Reset. Three powerful forces are quietly reshaping capital markets: a growing global oil supply surplus is pressuring energy valuations, while strong ASEAN export momentum (fueled by manufacturing growth) and a significant crypto market correction are driving an investor rotation into resilient emerging markets and alternative asset strategies. Read More.   🥡Prada Acquires Versace in $1.38 Billion Deal: Prada has acquired the storied Italian luxury brand Versace for $1.38 billion, a move that expands Prada's portfolio (which includes Miu Miu) as it seeks to compete with French luxury conglomerate rivals like LVMH. With Versace being sold at a roughly $700 million loss by its former owner, Capri Holdings, can Prada's disciplined execution unlock the "huge potential" of the brand in the competitive global luxury market?   🥡Tiny Lightning Bolts Discovered in Red Planet Dust Clouds: Scientists have detected tiny lightning bolts discharging from dust-storm fronts and whirling dust devils on Mars for the first time, solving the long-standing mystery of the origin of oxidants like hydrogen peroxide on the planet. Could these electrical discharges impact the search for ancient Martian life? 🥡The AR Content War: Elf Labs Owns the Ecosystem Tim Cook Hinted At. Apple CEO Tim Cook predicts AR will be "as big as smartphones," and Elf Labs is positioning itself as the content layer winner by owning 500+ legendary character trademarks (like Cinderella and Snow White) and rebuilding them with next-gen AI and patented real-time 3D streaming technology. With the share price set to increase at midnight, will you invest now in the company building the immersive AR ecosystem that Hollywood forgot to secure?*  Where Did We Get This?  For more information and to verify the accuracy of the claims made in this email, please consult the following reliable sources: Highly traumatised Hong Kong presses ahead with elections after deadly fire — Reuters South Korea's Lee praises Trump, hopes US can resume North Korea dialogue — Reuters Rafah crossing will open soon — let Gazans cross into Egypt, COGAT says — Reuters Taiwan looking forward to re-establish ties with Honduras, foreign minister says — Reuters Former EU foreign-policy chief Mogherini accused of fraud, corruption — Reuters Israel says remains handed over by Hamas Tuesday are not Gaza hostages — Reuters Search for missing flight MH370 to resume December 30, Malaysia says — Reuters YouTube says it will comply with Australia's teen social-media ban — Reuters Taiwan cheered China upset after Trump signs new Taiwan legislation into law — Reuters Kura Oncology: expect volatility following Ziftomenib Phase-1b data — Seeking Alpha SEC warns Direxion, ProShares and Tidal — stalling new leveraged-ETF launches — Seeking Alpha Netflix / HBO Max bundle would lower costs for consumers — Seeking Alpha Comcast seeks to merge NBCU into Warner Bros under new bid — report — Seeking Alpha Crypto giant Binance names co-founder Yi He as co-CEO — Seeking Alpha S&P 500, Nasdaq, Dow Jones outlook: stock-market update — Seeking Alpha Rivian runs software update to fix seatbelt issue in 35K EVs — Seeking Alpha Ericsson takes minority stake in LotusFlare to expand network-API monetization — Seeking Alpha OlympianMotors campaign on Wefunder — WeFunder Biggest stock movers Wednesday — MRVL, PSTG and more — Seeking Alpha Win a $50 Gift Card!  Want to snag a $50 gift card? It's easy! Just open 5 Market Munchies emails by Friday, December 5 to enter. 📨 Entries close at 11:59 PM sharp, so don't miss out! The lucky winner will be randomly selected and notified via email with their prize. Good luck! *This ad is sent on behalf of El Labs, Please read the offering circular and related risks at https://elflabs.com. This is a paid advertisement for Elf Labs's Regulation CF Offering. Investing in private company securities is not suitable for all investors because it is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities.   ** Cash App is a financial platform, not a bank. Banking services provided by Cash App's bank partner(s). Prepaid debit cards issued by Sutton Bank, Member FDIC. See Terms & Conditions. 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