Markets Hit New Highs, ASTS Launches, And Christmas Week Thins Liquidity

Market Overview - U.S. equities reached new all-time highs, with the S&P 500 and Nasdaq both extending their December rally, driven by easing inflation expectations, stable yields, and strength in mega-cap technology [2] - The upward movement reflects improving risk appetite, lighter positioning into year-end, and growing confidence that monetary policy will not be a headwind heading into 2025 [3] Company Developments - AST SpaceMobile successfully launched its BlueBird-6 satellite, marking a significant milestone in its direct-to-device satellite connectivity roadmap, with initial systems checks indicating nominal performance [4] - The successful launch de-risks execution for AST SpaceMobile and strengthens its position as one of the few companies pursuing space-based cellular broadband at scale, reinforcing long-term confidence in its constellation buildout [5] Trading Environment - The upcoming holiday schedule indicates a shortened trading week, with U.S. markets closed on Christmas Day, leading to thin liquidity and exaggerated market moves [6] - Most investors are focused on managing risk rather than initiating new positions, with the final days of the year centered on protecting gains rather than chasing them [6]