✨ Europe is winning

Europe showed the US how it's done | China's economy stayed stubborn and slack | [Finimize](   TOGETHER WITH   Hi {NAME}, here's what you need to know for December 1st in 3:13 minutes.   🧐 You could scour the internet to find reliable data about single stocks, then brush up on Algebra 101 and value them yourself. Or you could join AAII for [How To Screen Stocks Like A Pro]( at our Modern Investor Summit, and see how using the right stock screeners could help you invest like the best of them. [Grab your free ticket]( Today's big stories - European inflation came in almost on target, so the region’s central bank can start looking at the next big to-do on its checklist - Here’s a little investing lesson from Charlie Munger himself – [Read Now]( - China’s economy was stuck on snooze, despite the government shaking the duvet with all its might On Your Mark [On Your Mark] What’s going on here? European inflation [landed]( on the European Central Bank’s (ECB) target in November – if you squint a little, that is. What does this mean? Prices in Europe were 2.4% higher this November than last, and if you generously round down, that’s pretty much the ECB’s target. What’s more, core inflation – which takes changeable food and energy prices out of the equation – came in well below expectations at 3.6%. But the central bank can’t put its feet up yet: high interest rates squashed inflation, and they could do the same to the economy if left unchecked. So now that prices are roughly where the ECB wants them, investors are expecting interest rates to be cut sooner rather than later. Why should I care? For markets: Move over, ‘Murica. The US tends to hog the limelight, but Europe deserves to have a moment. The region’s put the shackles on inflation while keeping unemployment down at 6% – about as low as it’s ever been. And while the US government is only adding to its intimidating debts, Europe’s [books]( are relatively in order: US debt is worth over 100% of the country’s economy, while Europe’s ratio is a much more conservative 83%. Zooming out: Europe’s ready for winter. Inflation has a habit of finding its second, third, or fourth wind, so Europe isn’t in the clear completely. That said, the region’s covered itself for winter – and not by buying a heated comforter. Europe has weaned itself off Russian gas: just 12% of the region’s imported gas was Russian last quarter, down from 40% before the war in Ukraine. That should make it less vulnerable to supply kinks and, in turn, price flare-ups – a major inflation catalyst. Europe’s gas storage tanks are fuller than the same time last year, too, which will buy it time if any unexpected events put a block on imports. You might also like: [The ECB’s sounding an alarm about Europe’s banks](. Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=On Your Mark&utm_campaign=daily-global-01-12-2023&utm_source=email) Analyst Take A Little Charlie Munger Wisdom: Diversify, Sure, Just Don’t Diworsify [A Little Charlie Munger Wisdom: Diversify, Sure, Just Don’t Diworsify]( By Paul Allison, CFA, Analyst The late [Charlie Munger]( has left a long trail of wise and witty quotes that will inspire generations of investors to come. He and his partner Warren Buffett were [especially outspoken]( on one particular aspect of investing: diversification. They famously referred to the idea of adding ever more stocks to a portfolio as [“diworsification”]( and “protection against ignorance”. So, that’s today’s Insight: [how to put your eggs in just the right baskets, like Charlie Munger would](. [Read or listen to the Insight here]( SPONSORED BY IG Santa Claus is coming to town, and he’s bringing a rally The numbers on the scale aren’t the only thing that goes up around the holidays. Between the beginning of the festive season and the start of the new year, stocks tend to put on some weight too. At the year’s end, investors tend to rejig portfolios to limit their taxable gains, while Wall Street invests its bonuses – not to mention that [feelgood fuzzy feeling that tends to show in markets](. In fact, IG says that since 1950, the [S&P 500 tends to rise nearly 80%]( between the Tuesday before Thanksgiving to the second trading day of the year, resulting in [an average gain of 2.57%](. [Find out more about the Santa Claus Rally with IG](. DisclaimerYour capital is at risk. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. [Find Out More]( When you support our sponsors, you support us. Thanks for that. C For Effort [C For Effort] What’s going on here? The latest Chinese economic [data]( was underwhelming, so the government may need to stay late to work on a better solution. What does this mean? China’s economy is used to making the world jealous: the country overtook Italy, France, the UK, Germany and Japan’s economies between 2000 and 2010, and it’s held the silver spot behind the US ever since. So it’s understandable that after building up quite the reputation, the Chinese government is less than delighted about the economy’s current pause. November’s data showed that the manufacturing sector was even quieter than the month before, as tentative shoppers – conscious of the economy’s shaky ground – held back from ordering anything they didn’t actually need. And with the services sector also clocking in lower-than-expected numbers, the government may need to bring in more drastic measures to avoid being left red-faced on the world stage. Why should I care? For markets: If you can’t beat ‘em, deny ‘em. China might not have solved its economic problems, but it can do the second-best thing: pretend they don’t exist. China International Capital – one of the country’s biggest investment banks – has warned its analysts against publishing negative outlooks for the Chinese economy. The bank’s workers have apparently also been asked not to flash their luxury lifestyles, rendering those logo-heavy sunglasses useless without the chance to grace social media. The bigger picture: An Apple a day... When China sneezes, you’d expect the rest of the world to catch a cold. But ditch the vitamin C: the US stock market seems immune so far. That’s partly because industrial and commodity firms that are most affected by the state of global economies only make up a small part of key indexes like the S&P 500 these days. But even big names that count China as a major market, like Apple, have held steady, mainly because the country’s wobble seems to be already accounted for in share prices. You might also like: [In Europe, idle bankers are the economy’s worry](. Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=C For Effort&utm_campaign=daily-global-01-12-2023&utm_source=email) SPONSORED BY INVESTALERT Your unbiased, pro investing sidekick Sometimes you just want a second opinion on your investment decisions. Ideally, one from a pro. And while we can’t get Warren Buffett on speed dial, [InvestAlert’](s Portfolio Copilot can tighten up your investment strategy with the help of cutting-edge AI technology and industry expertise. That means you can [get an unbiased second opinion on your investments]( in seconds, based on comprehensive and reliable analysis. Plus, InvestAlert’s platform can [evaluate your portfolio in an instant](, providing unique insights about how you could optimize your holdings. [Better yet, you can try out a demo today, completely free of charge](. [Find Out More]( See Terms and Conditions at [investalert.ai]( When you support our sponsors, you support us. Thanks for that. 💬 Quote of the day "Those who do not remember the past are condemned to repeat it." – George Santayana (a Spanish-American philosopher and novelist) [Tweet this]( SPONSORED BY BIOSTEM This could be your way into a $18 billion medical market – no PhD required [Regenerative medicine]( is tipped to be a staple of future healthcare. That’s a future that we’re inching close to, not least because [Biostem (OTC:BSEM)]( is on a mission to discover, develop, and produce the world’s most effective regenerative medicine products. The company’s specifically focused on perinatal tissue allografts, that’s transplants developed from materials like the placenta, which have been used in a rudimentary form since the early 1990s. But these are different: [OTC:BSEM is using cutting-edge technology to transform wound care]( for patients who would otherwise suffer long and painful recoveries. And with a [Q code]( that means the medicine can be reimbursed on Medicare, OTC:BSEM stands to seize much of the [global stem cell market that’s predicted to be worth $18 billion by 2028](. If you’re interested in the next frontier of medicine, you might want to [check out OTC:BSEM](: Zack’s Small Cap Research recently increased its [stock price estimate]( for the firm, after all. [Find Out More]( This content is for US investors only, if you are not a US investor please ignore this content. This content is a paid advertisement for BioStem (OTC:BSEM) from Sideways Frequency and Finimize. This is not Finimize editorial content. Finimize received a fixed fee for producing, hosting and promoting this content on behalf of BioStem (OTC:BSEM), totalling $15,000. Other than the compensation received for this service, Finimize and its principals are not affiliated with either Sideways Frequency or BioStem (OTC:BSEM). Finimize and its principals have no ownership in BioStem (OTC:BSEM). The content on this page should not be taken as advice, an endorsement, or a recommendation from Finimize and its principals to buy or sell any security. Finimize and its principals have not evaluated the accuracy of any claims made on this page. Finimize and its principals recommend that investors do their own independent research and consult with a qualified investment professional before buying or selling any security. Investing is inherently risky and capital is at risk. Past performance is not indicative of future results. When you support our sponsors, you support us. Thanks for that. 🎯 On Our Radar 1. Mic drop. No really: a case for ditching the [tiny TikTok microphones](. 2. You need a lot of time and knowledge to be a value investor. Well, unless you have a [digital assistant to do the heavy lifting for you](.* 3. Being human can be hard. Now you can [put yourself in a crab's body instead](. 4. AI-enhanced investing is here. Unlock the [control of a brokerage, smarts of AI, and guidance of an advisor]( with Magnifi.* 5. Charlie Munger will live on. Check out [eleven of his best investing quotes](. When you support our sponsors, you support us. Thanks for that. 🌍 Finimize Live [Modern Investor Summit x CFA]( 🤩 Coming Up Soon... All events in UK times. 🎉 [Modern Investor Summit 2023](: 12pm, December 5th and 6th 🤖 [The AI Advantage: Enhancing Portfolio Protection Strategies](: 5pm December 14th ❤️ Share with a friend Thanks for reading {NAME}. If you liked today's brief, we'd love for you to share it with a friend. You stay classy, {NAME} 😉 We’d love to hear your thoughts. [Give feedback]( Want to advertise with us too? 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