On the first day of Christmas, my true love gave to me… a bunch of blood in the streets. Metaphorically, of course… nobody’s recreating the Red Wedding out here. But the market sure acted like someone canceled Christmas. After a five-day win streak, stocks looked around, decided all this joy was making them itchy, and said “Nope, we’re done here.”

It’s very “Trump on the campaign trail” energy… “you’re gonna get so tired of winning.” Well, the market got tired. Immediately. And in turn, the Nasdaq fell 0.4%, the S&P sank 0.4%, and the Dow slid 0.7%. If you’re watching a Christmas movie tonight, make sure to watch the one with Ebenezer Scrooge.

And if you’re hunting for a scapegoat, a reason your portfolio looked like it slipped on black ice today… blame Bitcoin. Good ole digital gold decided to swan-dive 5% and faceplant at $85K. 

Honestly, the only blessing here is timing. At least the crash happened after Thanksgiving, so none of us had to sit through our uncle Randy asking, “Why do you invest in this stupid internet money? Back in my day, we bought Sears stock and we LIKED it.”

Now normally December is that time of year when stocks behave, cookies appear out of nowhere, and Santa sprinkles a little green across the markets. But strategists are already warning that Santa may no-show this year. Between Trump’s tariff push, a government that just woke up from a shutdown nap, and economic data being fed to us on a two-week delay, the usual holiday rally is looking more “Home Alone” chaos than “Miracle on 34th Street.”

To no one's surprise, the big focus is still the Fed. Markets have an 85% chance priced in for a quarter-point rate cut next week… which is basically Wall Street saying, “We’re manifesting this.” 

Every data release between now and next Wednesday matters, especially Friday’s delayed PCE report… the Fed’s favorite inflation gauge. Powell will look at that number the same way Maury Povich looks at a paternity test… either a quiet “thank God” or an instant spiral.

Meanwhile, Shopify decided to celebrate Cyber Monday by… not working. Thousands of merchants couldn’t process payments on the single most important e-commerce day of the year. 

Adobe originally thought shoppers would drop $14.1 billion online today… and Shopify responded, “Yeah, we’ll sit this one out.” Shares dropped 4% because, shockingly, investors prefer when the cash register works.

DoorDash, on the other hand, actually had a nice little Monday bump. Sequoia’s Alfred Lin bought up over 514,000 shares (about $100 million worth) which is the market equivalent of Coldplay’s Chris Martin showing up to your garage band’s show and saying, “Yeah, I see potential.” The stock jumped 4% just because Alfred felt like shopping.

And no matter how good your day was today, I promise it didn’t touch Bob Iger’s. The man finally got to uncurl his fists after “Zootopia 2” slapped $158 million on the table like it was nothing. Iger hasn’t had a dopamine hit this strong since the first time someone explained what streaming could’ve been. Say what you want about Disney, but if there’s one thing they can still nail, it’s talking animals solving crime.

So yeah… day one of December wasn’t exactly the Christmas card we hoped for. Bitcoin sh*t the bed, stocks slid, Shopify glitched on the worst day of the year, and the Fed is lurking like the Ghost of Rate Cuts Yet to Come. 

But hey… DoorDash had a glow-up, Disney remembered how to make money, and at least your grandpa didn’t yell at you about crypto this week. We’ll take the small wins where we can.

If you read all of this, congrats for having a 10 second attention span (better than me). As always, here’s our heatmap for today.

At the time of publishing this article, Stocks.News holds positions in Bitcoin and Disney as mentioned in the article.