In other news, the newsletter covers the top 25 healthcare startups set to take off next year, the 10 hottest real-estate markets in the US for 2024, and the launch window for Blue Origin's rocket. It also mentions the International Migrants Day and birthdays of notable personalities including Billie Eilish and Jeff Bezos.
Key takeaways:
- Most Wall Street firms are bullish about 2024, with nine firms predicting a positive outlook for the S&P 500 by the end of next year. However, BCA Research and JPMorgan are the only ones predicting a downturn.
- BCA Research believes that high interest rates will continue to negatively impact the market, while Yardeni Research predicts a 17% rise in the S&P 500 due to the influence of artificial intelligence on productivity and efficiency.
- The world's first supercomputer that rivals the human brain's speed, DeepSouth, is set to go live next year. It is being developed by Western Sydney University with the aim of understanding how brains can process large amounts of information with little power.
- Ukraine's real power broker is making key decisions amid its war with Russia. After Russia's invasion, a new system of well-connected individuals is emerging to control a large portion of Ukraine's economy, law enforcement, and security apparatus.