Energy Sector Outlook 2025: AI's Role and Market Dynamics 
Is dark chocolate healthier than milk chocolate? 2 dietitians explain 
What does China’s host bid mean for the High Seas Treaty? 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
The four types of dementia most people don’t know exist 
US Gas Market Poised for Supercycle: Bernstein Analysts 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
The US Congress finally passed the tax reform bill, which provides significant tax cuts including a reduction in the headline corporate tax rate to 21% from 35%. President Trump will now sign it into law, although reports suggest he may do so in the New Year. Asian equities were mixed overnight, with news of the US tax overhaul seemingly already priced in.
Buy NDX Call 6-month 102.5% keeping contingent on EURUSD above 1.235 for 0.85% – 77% discount to vanilla (3.7% for a 6-month 45 Delta call) (Spot references: NDX 6472, EURUSD 1.1860).
It is expected that EURUSD to gradually spike and approach the 1.23 level by the mid-year point. Tech would be the sector with the highest exposure to international revenue, so a weaker dollar would be a tailwind.
Moreover, the powerful worldwide tech cycle may not be dead yet and NASDAQ could surprise more on the upside. The historically low level of volatility makes call premia cheap and the negative correlation between NDX and EURUSD dramatically enhances that cheapness. The recent leg down in the index is an interesting entry point into the trade.
