10 things you need to know before the opening bell

Wall Street.
Big Tech recovers after a rough day Wednesday on Wall Street. Matteo Colombo/Getty Images

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Here’s what you need to know before US markets open.

1. Stocks and bonds are treading water ahead of today’s Fed rate decision. This is what traders and investors are hoping to see.

2. The oil market isn’t on the cusp of a “super-cycle” just yet. Global demand won’t return to pre-pandemic levels for another two years, according to the International Energy Agency’s latest forecasts.

3. Elon Musk turned down an offer of $US1 ($1) million for an NFT of one of his tweets. Here’s what changed his mind.

4. Investors have spent a record amount on cryptocurrencies this quarter. The latest data shows how much people poured into bitcoin and ether.

5. Small cap stocks have been the stars of the show in the last year. But it won’t last, according to Morgan Stanley.

6. Earnings expected. Starbucks, Samsung and Williams Sonoma are all reporting results today.

7. On the economic calendar. Topping the list is the Federal Reserve’s monetary policy decision. Housing starts, building permits and weekly government oil stock data are also due.

8. Goldman Sachs sees interest rates and bond yields continuing to rise. The firm says to buy these 29 cheap stocks set to generate higher earnings next year.

9. ‘Long the space, short the froth.’ Experts share 5 things to know before jumping into NFT investing, from the trading platforms to the legal risks

10. BlackRock explains why the economy’s restart in 2021 will be stronger than many expect. The firm also shares 3 trades to capitalize on the rebound.