Economy

• Small cap stocks overdue for 'outperformance,' says wealth advisor - STORY: "We're overdue for some big, big, big small cap outperformance," said Diton, adding that lower rates are "great" for small cap stocks.Diton also said he prefers the S&P SmallCap 600 to the Russell 2000 Index.
• Trade balance soared 94% in November and was higher than a year ago, despite tariff efforts - The U.S. deficit with its global trading partners nearly doubled in November as the shortfall with the European Union swelled.
• Dollar Decline Resumes as Debasement Fears Increase - The dollar weakened Thursday as Bloomberg's gauge of the US currency slipped 0.3%, while precious metals such as gold and silver extended their record-breaking rallies. The return of the so-called debasement trade outweighed Treasury Secret
• China, U.K. vow to build long-term strategic partnership in bid to reset strained ties - U.K. Prime Minister Sir Keir Starmer said he hopes to build "more sophisticated" ties with China as the two nations look to revive their bilateral relationship.
• JPMorgan's Michele on 'Sell America' Headlines: 'Hogwash' - Bob Michele, JPMorgan Asset Management global head of fixed income, says he isn't seeing any signs of a "Sell America" movement on "Bloomberg Surveillance: The Fed Decides."
• Fed holds key interest rate steady as economic view improves - The Federal Reserve on Wednesday released its decision on interest rates.
• Department of Energy to announce new efforts to boost nuclear fuel supply chain - The Department of Energy will announce an initiative to build out the nation's nuclear fuel supply chain as interest in the emissions-free power source grows.
• The Fed releases its latest interest rate decision Wednesday. Here's what to expect - This week's meeting offers little suspense and probably not much action, even as massive changes loom over the Fed's longer-term direction.
• All eyes are on Trump's reaction to the 'mother of all deals' between India and the EU - The trade deal is being widely seen as a strategic hedge against volatile U.S. trade policies.
• The 'middle powers' are having a moment, but can they stand up to Trump? - Some are looking to the world's "middle powers" as a possible bulwark against increasing unilateralism among global superpowers.