Decipher Index

Global Economy garners the highest PFI this week. Morgan Stanley issued a new report saying they expect 3% global growth in 2025, as tariff and immigration policies will only begin to slow the U.S. economy in late 2025, while China’s underperformance will restrain emerging markets. Relatedly, the OECD said the world economy will accelerate in 2025 but recovery is threatened due to the risk of protectionism and higher tariffs. Additionally, U.S. futures rose, and gold held steady ahead of the jobs report and Jerome Powell’s speech. The ADP jobs report showed 146,000 workers were hired in November, missing expectations.

‍Electric Vehicles is the highest mover this week. Tesla’s November EV sales dropped 4.3% while China’s BYD hit a new high. Additionally, General Motors is going to sell a stake in their Michigan EV battery plant to LG Energy, a battery maker headquartered in Seoul, South Korea. Furthermore, California’s governor Gavin Newsom said the state will provide rebates if Trump removes the tax credit for EVs when he’s in office. Finally, Jaguar revealed their first EV concept at Miami Art Week following a rebound that has divided opinions online.