Dollar Takes a Hit

The dollar logged its worst day since September after the Fed’s rate cut.

Author

Ankit Sinha
December 11, 2025

Silver banana goes to…

Your Daily Dose of Market & Career Clarity

📬 Delivered to 150,000+ ambitious readers


🎯 In this issue:

  • Banana Bits: Finance headlines that actually matter

  • Market Summary: Fed cut overshadowed by Oracle-driven AI selloff

  • What’s Ripe / Rotten: The tastiest and most disgusting stocks 

  • Technical Trip: Interview Question with JPMorgan

  • Lesson from the Library: Go beyond basics. Learn deferred taxes, NOLs, stock compensation, and complex accounting used in real-world models

  • Deal Dispatch: M&A, IPOs, and other transactions 

  • The Daily Poll: See how you stack up

Market Snapshot

📉 Banana Bits

Market Recap

Oracle Crush Market Despite Fed Cut

The equity rally spurred by a U.S. interest-rate cut and Federal Reserve Chair Jerome Powell’s sanguine economic outlook unraveled after Oracle Corp. reignited concerns about the vast spending tied to artificial intelligence.

Nasdaq 100 futures slumped more than 1% and S&P 500 contracts fell 0.9%. A gauge of Asian stocks erased earlier gains, while Europe’s Stoxx 600 edged lower. 

Oracle, seen as a bellwether of the AI investment boom, tumbled more than 10% in extended U.S. trading after cloud sales missed estimates and the company lifted its 2026 capital-spending outlook by $15 billion to $50 billion.

The price action suggests the AI theme remains a key factor for equity-market sentiment. Powered by the sector’s rally, MSCI Inc.’s index of global stocks has surged about 20% this year and is on course for its best advance since 2019.

The U.S. Treasuries rallied after the Fed’s quarter-point rate reduction was accompanied by the authorization of fresh Treasury bill purchases to rebuild bank reserves. 

The 10-year yield, which dropped around four basis points in the previous session, was one basis point lower on Thursday. The declines have stalled a run-up in yields that had driven one global gauge to its highest since 2009.

What's Ripe

GE Vernova Inc. (GEV) 15.6%

  • GEV surged 16%. The energy company raised its outlook and boosted its dividend and share buyback authorization. 

  • GE Vernova now sees revenue hitting $52 billion on a low double-digit compound annual growth rate by 2028, up from a previous forecast of $45 billion.

Micron Technology Inc. (MU) 4.5%

  • MU rose 4.5% to $263.71. The chip maker is set to report earnings on Dec. 17.

  • With just a week to go, Citi Research raised its price target on the stock to $300 from $275 and reiterated a Buy rating, citing a continued increase in memory prices that has so far been a boon to Micron.

What's Rotten

AeroVironment Inc. (AVAV) 12.9%

  • AVAV tumbled 13%. The company, which makes military drones, reported mixed quarterly results, even as sales climbed 151% to a record $472.5 million.

GameStop Corp. (GME) 4.3%

  • GME fell 4.3% as third-quarter revenue declined from the same time last year.

  • The videogame retailer reported $821 million in revenue and earnings of 24 cents a share. In the year-earlier quarter, GameStop reported revenue of $860 million and earnings of 6 cents a share.

🧠 Technical Trip

Interview Q&A from JPMorgan

👉 Want 1-on-1 recruiting help from JPMorgan bankers & 2,000+ top mentors? Apply to WSO Academy

📚 Lesson from the Library

🎥 Advanced Accounting: Mastering the Real Numbers

Go beyond basics — learn deferred taxes, NOLs, stock-compensation and complex accounting used in real-world models.

🌟 WSO Academy Q4 Update

🎤 WSO Academy Speaker Series

We’ve now hosted four Speaker Series events with great guests across Investment Banking, Hedge Funds, and Asset/Wealth Management, and plenty more in the works. Students can watch these past events on their dashboard:

  • Scott L. Bok – Chairman & CEO of Greenhill & Co.

  • Michael Harris – Vice Chairman & Global Head of Capital Markets at the New York Stock Exchange

  • Zach Levenick – Founder, THG Securities Advisors

  • John Morgan – Chief Investment Officer, Morgan Capital Family Office

Student Spotlight

A+ Equity Research Report

Looking for a stellar example of what makes an equity research report stand out?

One of our WSO Academy students, Samuel Dayani, put together an impressive deep dive on Enphase, covering valuation, catalysts, and key risks with the kind of insight that turns good pitches into great ones.

🦈 Deal Dispatch

M&A, IPOs, And Other Notable Transactions

📊The Daily Poll

Main driver of the dollar drop?

Login or Subscribe to participate in polls.

Previous Poll:

One shareholder vote could make Elon a trillionaire or jobless. You betting on:

Trillionaire Elon: 46.8% // Shareholder revolt: 14.9% // Legal chaos: 8.5% // “He’ll tweet through it”: 29.8%

Student Success Corner

👉 Are you next? Find out with WSO Academy

Banana Brain Teaser

Previous

Of the 200 students at College T majoring in one or more of the sciences, 130 are majoring in chemistry, and 150 are majoring in biology. If at least 30 of the students are not majoring in either chemistry or biology, then the number of students majoring in both chemistry and biology could be any number from?

Answer: 110 to 130

Today

In a certain game, a large container is filled with red, green, and blue beads worth, respectively, 7, 5, 3, and 2 points each. A number of beads are then removed from the container. If the product of the point values of the removed beads is 147,000, how many red needs were removed?

❝

Volatility is a symptom that people have no idea of the underlying value.

Jeremy Grantham

How Would You Rate Today's Peel?


Happy Investing,
Chris, Vyom, Ankit, Mitchell, Fernanda, & Patrick