Wall Street’s ‘Trump Trades’ Keep Powering Ahead…
What Does It Mean – Asian stocks are projected to decline due to disappointing Chinese stimulus measures and ongoing deflation risks. Bitcoin surged past $80,000, driven by the incoming U.S. president’s support for digital assets and the election of pro-crypto lawmakers. Equity futures in Sydney, Tokyo, and Hong Kong indicate losses, while the S&P 500 rose 0.4% on Friday. Investors are evaluating the potential impacts of the new president’s fiscal and trade policies, particularly regarding tariffs on China. The dollar strengthened against major currencies, and the bond market selloff is expected to continue.
BlackRock’s Bitcoin ETF Surpasses Gold Fund After Record Inflow…
What Does It Mean – BlackRock’s iShares Bitcoin Trust (IBIT) has surpassed its iShares Gold Trust (IAU) in net assets, reaching $34.3 billion due to record inflows. This milestone reflects growing investor interest in Bitcoin as a digital asset, driven by the recent U.S. presidential election and supportive regulatory environment. The ETF’s rapid growth since its January launch highlights the shifting preference towards cryptocurrencies over traditional assets like gold. Investors should consider the implications of this trend on portfolio diversification and risk management strategies, as Bitcoin’s volatility and regulatory landscape continue to evolve.
ESG Genie Out of the Bottle Is an Investor Headache…
What Does It Mean – The debate over ESG investing has intensified, with critics arguing it distracts from financial performance and proponents asserting its necessity for long-term risk management. The backlash, particularly from conservative groups, has led to legislative challenges and corporate hesitancy. Despite this, ESG principles continue to gain traction, driven by investor demand and regulatory pressures. The controversy underscores the complexity of integrating ESG factors into investment strategies, balancing ethical considerations with fiduciary duties. Market watchers should navigate this evolving landscape by staying informed about regulatory changes and client preferences.
Bond Market on Risky Path as Traders Regroup From Wild Week…
What Does It Mean – The bond market is facing renewed volatility following Donald Trump’s presidential victory, which has significantly altered the outlook for U.S. Treasuries. Despite a brief selloff, firms like BlackRock and JPMorgan warn that instability may persist. Trump’s proposed fiscal policies, including tax cuts and tariffs, could rekindle inflation and increase the federal deficit, potentially driving up Treasury yields. Traders are adjusting their expectations for Federal Reserve rate cuts, now anticipating fewer reductions. Upcoming economic data and speeches from Fed officials may further influence market dynamics. Bond holders should prepare for continued market fluctuations and reassess risk management strategies.
Ruby slippers from ‘The Wizard of Oz’ are for sale nearly 2 decades after they were stolen…
A pair of ruby slippers worn by Judy Garland in “The Wizard of Oz” is on the auction block nearly two decades after a thief stole the iconic shoes, convinced they were adorned with real jewels.
Online bidding has started and will continue through Dec. 7, Heritage Auctions in Dallas announced in a news release Monday.
The auction company received the sequin-and-bead-bedazzled slippers from Michael Shaw, the memorabilia collector who originally owned the footwear at the heart of the beloved 1939 musical. Shaw had loaned the shoes in 2005 to the Judy Garland Museum in Grand Rapids, Minnesota.
That summer, someone smashed through a display case and stole the slippers. Their whereabouts remained a mystery until the FBI recovered them in 2018.
Now the museum is among those vying for the slippers, which were one of several pairs Garland wore during the filming. Only four remain.
Data supplied by HS Dent Research
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