Q: Should investors buy Bitcoin Exchange Traded Funds (ETFs)?
A: So far, the premise of massive money flows into Bitcoin driven by the launch of ETFs has not come to fruition. The charts below for Fidelity and BlackRock ETFs illustrate that point for now.
Q: Why are the equity markets “smooshy” year to date?
A: The McGowanGroup sees three factors at play. 1. The December celebration rally corresponded to the likely Federal Reserve’s reversal to lower interest rates has not yet occurred. 2. Current Earnings Reports have been mixed. 3. The 10 Year U.S. Treasury yield has spiked to over 4.13% at the highs this week. Stay tuned to this week’s program as Spencer McGowan and Alex Tollen breakdown insights for investors.
Headline Round Up
*Potential Magic Carpet Ride? Company Profits Growing and Federal Reserve Cutting Interest Rates?
*Buy Buy Buy! Retail Sales Growth Accelerated During Holiday Season.
*Davos: European Central Bank President, Christine Lagarde, Says Interest Rate Cuts Likely in Summer.
*Slow Moving Train Wreck? $2.2 Trillion in Commercial Real Estate Loans Due Before 2028.
*Goldman Earnings Spike Powered by Asset & Wealth Management Business.
*Boeing’s Nosedive!
*American’s Finances Defy Skeptics: JPMorgan, Bank of America, Wells Fargo & Citigroup Earnings Up 11%.
*Verizon’s $5.8 Billion Business Services Division Write Down Gives AT&T Competition in Disappointing Shareholders.
*Albemarle Optimizing Cash Flow, Preserving Growth and Reducing Costs.
*Bullish on Bonds: Capital Group, Inc. Builds Bond Team to Compete with PIMCO.
*IBM: Quantum Computing to Spark “Cybersecurity Armageddon”.
*Mexico Passes China as Largest U.S. Trading Partner.
*Traders Speculating on $110 Oil as Geopolitical Tensions are Central to Speculation.
*Government Program Funnels Tens of Billions of Clean Energy Tax Credits for Renewable Energy Companies.
*Novo Nordisk, Eli Lily & Other Drugmakers Hike Prices for Ozempic, Mounjaro and 775 Brand Name Drugs During the First Half of January!
*OPEC Forecasts Robust Oil Demand Growth for 2025?.
*8.8 Trillion in Cash Sitting in Money Market Funds and CDs! What and When Will Investors Buy?
iShares Bitcoin Trust Hourly Spot Prices Intraday (01/11/2024 – 01/19/2024)
– Courtesy of Bloomberg LP
SPDR Gold Shares Quarterly Spot Prices (01/01/2003 – 01/19/2024)
– Courtesy of Bloomberg LP
iShares China Large Cap Exchange Traded Fund (01/31/2021 – 01/19/2024)
– Courtesy of Bloomberg LP
Dow Jones Industrial Average, Invesco QQQ Trust Series 1 & SPDR S&P 500 Exchange Traded Fund Trust, Comparative Returns (12/31/2021 – 01/19/2024)
– Courtesy of Bloomberg LP
Chicago Board Options Exchange 10 Year Treasury Note Yield Index (12/29/2023 – 01/19/2024)
– Courtesy of Bloomberg LP
Standard & Poor’s 500 Index – Quarterly Earnings Analysis By Sector (11/16/2023 – 02/15/2024)
– Courtesy of Bloomberg LP
Financial Times Wilshire 5000 Index (01/20/2019 – 01/19/2024)
– Courtesy of Bloomberg LP
Profit Report
1. Argentinian President, Javier Milei, Said WHAT In Davos?
2. Five Realistic Surprise Predications for Investors in 2024.
