This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Happy Wednesday and New Year's Eve. I've decided that there are three main groups of holiday observers this year: Those going to parties or watching the Times Square ball drop at home; those doing late-night workout classes or races; and those going to AMC viewings of the "Stranger Things" finale.This newsletter normally walks you through five things to know before the market opens. Today, that list would inclu ...

Market Analysis & Predictions - The S&P 500 has rallied approximately 39% from its April low [4] - Historically, post-election years often exhibit weakness in the S&P 500 around late September to mid-October [6][8] - A 5-6% drop in the S&P 500 would place it at the bull market support band or the 20-week SMA/21-week EMA [7] - The analysis suggests potential S&P 500 weakness in the coming weeks, possibly finding a low by mid-October [10] - The Russell 2000 hitting an all-time high could lead to a correction in the S&P 500 [15] - Similar corrections to the bull market support band have occurred around this time in 2021 and in Q3 2017 [19] Comparative Asset Analysis - Bitcoin often leads the S&P 500, potentially sniffing out market movements before the index [21] - Bitcoin may bottom out early in an S&P 500 correction and begin to rise even as the S&P continues to decline [20] - The analysis draws parallels between the potential S&P 500 correction and past patterns observed with Bitcoin and Ethereum [14] General Market Sentiment - Stocks generally trend higher unless there's a reason for them not to [3] - Market tops are typically long, drawn-out processes, while bottoms are single events [24][25]

Group 1 - The author has shifted focus away from energy producers and energy issues in recent years, despite maintaining an interest in the topic [1] - The author has a diverse academic background with a quadruple major, indicating a strong foundation in various fields relevant to market analysis [1] Group 2 - No specific company or industry analysis is provided in the documents, as they primarily focus on the author's background and disclosure statements [2][3]