📈 Big week

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Good Morning & Happy Friday.

Markets remain in the green with the S&P 500 staying above 6,000. The Federal Reserve's expected rate cut has landed, and crypto continues its upward surge.

Grab your Americano and let's get into it! ☕️👇️

Markets

📈 S&P 500 futures hold above 6,000 as the rally continues
S&P 500 futures surged past 6,000 points on Friday, signaling a strong finish to a turbulent week marked by Donald Trump reclaiming the presidency and the Fed trimming rates. Futures for major indexes held steady in early trading after the milestone was reached Thursday. The Federal Reserve's 25 basis-point rate cut, anticipated by markets, was accompanied by Chair Jerome Powell's assurance that the election outcome won't affect near-term policy moves.

🍎 Why is Buffett selling so much Apple stock?
Warren Buffett's Berkshire Hathaway now holds over $325 billion in cash after selling billions in Apple and Bank of America shares. Berkshire offloaded roughly 100 million Apple shares in Q3 after a major cut last quarter. Do Buffett's sales hint at concerns about Apple's valuation or broader market conditions?

💼 Getting hired is hard
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📆 The Stock Market Is Doing Something It Has Only Done 6 Times in 50 Years
The S&P 500's heavy reliance on the "Magnificent Seven" stocks has driven a rare market event in 2024, hinting at potential major gains in 2025. Since 2019, the index has surged 80%, with Apple and Nvidia alone responsible for a quarter of the rise, while the top seven contributed half. One rare market phenomenon has only occurred six times in the past 50 years.

🐤 Elon Musk's Twitter takeover math has changed
Elon Musk's $44 billion purchase of Twitter, now seen as a loss leader for "Elon Inc.," appears to have paid off in influence rather than profits. The platform allowed Musk to shape public opinion during the election, strengthening ties with Donald Trump and cementing his status as America's most powerful unelected figure. This could benefit SpaceX and Tesla, both heavily reliant on federal contracts and policy, making Twitter a strategic asset in Musk’s larger ambitions.

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Crypto Continues to Soar After Trump Win

Bitcoin ETFs in the U.S. saw record-breaking inflows of $1.38 billion on Thursday following Donald Trump’s presidential victory. BlackRock's IBIT led the charge, pulling in over $1.1 billion, the highest in its history since its January launch. Total inflows across crypto ETFs surpassed $25 billion, with no funds seeing net outflows. Ether (ETH) ETFs also gained $78 million, driven by optimism around pro-crypto policies under Trump's expected deregulation-friendly administration.

Trump, set to return to the White House, has pledged to fire SEC Chair Gary Gensler, support domestic bitcoin mining, and stop government bitcoin sales. Pro-crypto sentiment is rising in Congress, with 257 pro-crypto House candidates elected, compared to just 115 against. Anthony Pompliano, a crypto industry veteran, called a potential Trump-led strategic bitcoin reserve a “huge tailwind.”

Coinbase stock (COIN) surged 31% after Trump’s win, adding $20 billion to its market cap, while Solana (SOL) broke past $200 for the first time in seven months, buoyed by market enthusiasm. The industry eyes Trump’s planned crypto advisory council to offer transparent regulatory guidance in his first 100 days.

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Our Recommendations:

💻️ MEXC - Where we find and trade Crypto with low fees.
📈 TradingView - Software we use to chart stocks.
🔐 Trezor - Our favorite hardware wallet to keep our Crypto secure.
🦑 Kraken - Where we buy crypto with cash / withdraw profit to our bank.

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