Welcome to Seeking Alpha's Wall Street brunch, our Sunday look ahead to this week's

market-moving events, along with the weekend's top news and analysis.

Hello, I'm your host Kim Kahn, and today is Sunday, December 7th.

A date which will live in infamy.

It's the last Fed week of the year, and markets expect another quarter-point rate cut on

Wednesday. Fed Fund's futures now price in an 85% chance that the FOMC lowers rates

by 25 basis points to 3.5 to 3.75%.

Expectations for easing of surge since the last meeting,

despite Powell's hawkish tone, largely on concerns about the weakening jobs market, even as

key data has been delayed or canceled due to the government shutdown. But there's a significant

wrinkle. Reuters notes that based on Fed speak, five of the 12 voting members are against

further easing. That would mark an unprecedented number of dissents and likely produce a wide dispersion

in the dot plot.

Whilst Fargo says the FOMC appears unusually divided, but sees a critical mass of support

to carry the day for the doves.

They expect multiple descents with the 2026 median dot holding at 3.375%, and Powell signaling for a higher bar for more

cuts, hinting it a January hold. Meanwhile, B of A strategist Michael Hartnett argues that a dovish cut

that sends long-end yields higher is the only thing that could stop a Santa Claus rally. On the earnings

front, two major AI names are set to issue numbers, hyperscaler Oracle, and chipmaker

Broadcom. Oracle reports Wednesday with a street looking for EPS of 164 on revenue of 16.2 billion.

Last week, Wells Fargo initiated coverage with an overweight and a $280-dollar price target,

citing nearly $500 billion in AI-related deals.

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