Welcome to Gold Dragon Daily
An AI-powered podcast by Gold Dragon Investments, helping you win the game of passive investing. For more information, visit GotTheGold.com. I'm your host, Justin 2.0.

This is Market Pulse — Monday's numbers.

Oil
• WTI crude fell 0.30% to $57.27 per barrel
• Brent crude rose 0.13% to $61.20
• Double bottom chart pattern forming around $57-$57.30
• Down 4.33% over past month, down 18.52% year over year
• 2026 surplus expected as supply outpaces demand

Natural Gas
• Henry Hub fell 0.31% to $4.10 per MMBtu
• Down 5.98% over past month, up 27.58% year over year
• Expected $4.16 by quarter end, $5.12 in 12 months
• Strong production and ample inventories weigh on prices

Credit
• SOFR fell to 3.66% on December 11
• Federal funds rate at 3.50-3.75% (third consecutive 25bp cut)
• Fed projects only one additional 25bp cut in 2026
• Growth forecasts revised higher: 1.7% for 2025, 2.3% for 2026

Stocks
• S&P 500 increased to 6,864 points, up 0.54%
• Key data this week: November jobs report, monthly CPI, retail sales, consumer spending, housing starts, building permits, flash PMI data
• Earnings reports from Micron Technology, Nike, and FedEx
• Quadruple witching Friday may lead to increased volatility

Real Estate
• Improved sentiment heading into 2025
• Transaction activity expected to increase up to 10% in 2025
• Cap rates likely to decline slightly but stabilize at higher levels
• Industrial remains strong, multifamily construction easing
• Office leasing volume projected to increase 5%
• Data centers remain high demand

Bottom Line
• Oil: Target sub-$50 breakevens, hedge floors above $75
• Gas: Selective exposure, winter contracts locked
• Real Estate: Industrial sub-5.7% caps near logistics hubs
• Credit: Senior secured, SOFR plus 650+, LTV under 65%

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