Christmas creep is getting ridiculous. We saw Santas replace 10-foot skeletons the day after Halloween, and now the radio is bringing seasonal songs sooner, too: Mariah Carey has already defrosted for 2025 and her classic hit “All I Want for Christmas Is You” has reentered the Billboard Hot 100, marking one of the earliest points the hit has charted. And it’s not alone in the Yuletidal drift, so if you’re a player of “Whamageddon,” watch out.
The S&P 500, Nasdaq 100, and Russell 2000 all fell hard Thursday as the longest government shutdown in US history came to an end and anxiety over backlogged data triggered pessimism that there won’t be a December rate cut. Traders are now pegging the odds of a cut at next month’s meeting at roughly a coin flip. (Comparatively, a month ago, the odds of another cut were 95.5%.) Tech was the worst-performing sector ETF, and all of the Mag 7 fell except for Meta, which eked out a gain.
