MPC Morning Call 22nd December 2025 – The Silver Santa Rally continues
Stocks headed higher overnight despite analysts warnings that the inflation data was distorted, while Silver and platinum broke to fresh highs
WATCH ON YOUTUBE MPC Morning Call 22 nd December 2025 – The Silver Santa Rally continues Stocks headed higher overnight despite analysts warnings that the inflation data was distorted, while Silver and platinum broke to fresh highs Investor sentiment improved after November’s softer-than-expected consumer price index reading raised hopes for additional Federal Reserve rate cuts in 2026. However, analysts cautioned that the inflation figure was distorted by the lingering effects of an October government shutdown and thus unlikely to influence the Fed’s current rate path. Goldman Sachs emphasized that December’s upcoming inflation data will carry more weight in helping policymakers determine whether price pressures are truly easing. Fed New York President John Williams reinforced this cautious stance, noting that the central bank’s prior cuts were sufficient for now and that there was no urgency to adjust rates further. Goldman Sachs strategists remain optimistic about global markets, projecting a 13% price gain (or 15% including dividends) in global equities for 2026. They expect returns to broaden beyond U.S. technology stocks as earnings growth becomes more distributed across regions. The team, led by Peter Oppenheimer, argued that with continued economic expansion and modest Fed easing, a significant equity downturn remains unlikely without a recession, even with today’s relatively high valuations. In corporate news, AI-related stocks were buoyant Friday, led by a sharp rally in Oracle shares following reports that the company was part of a consortium set to acquire TikTok’s U.S. operations. Other AI-linked firms, including CoreWeave, also advanced on optimism about their growth prospects and partnerships such as one with the Department of Energy. Meanwhile, FedEx trimmed losses after posting stronger-than-expected earnings supported by cost-cutting initiatives. In contrast, Nike’s stock fell on shrinking margins and a continued sales decline in China, prompting CEO Elliott Hill to announce plans to rethink its strategy in that critical market. Government Bond Yields Commodities, Energy & FX ASX Overnight: SPI 8640 (+0.47%) The Day Ahead: we should start the week positively. Announcement from Telix should be positive. Materials & Tech should lead the market higher
Read on MPC Markets Mosaic
