ECB Hawkish Outlier
MONDAY MARKET UPDATE
*This is sponsored advertising content and the disclaimer at the bottom of this email MUST be read carefully.
Good Morning Everyone!
Activist investor Elliot Management raised a record $13 billion last year. It just took a multi-billion dollar stake in Salesforce CRM 0.00.
European Central Bank
Klass Knot - should continue with 50-point hikes next 2 meetings
Christine Lagarde in Davos - we will stay the course
U.S. Federal Reserve
Meets next week (January 31/February 1)
Expect 25-point hike
Dichotomy between ECB and FOMC putting pressure on U.S. dollar
U.S. dollar testing 1-year lows
Crude 82.20 +0.8%
CRM 0.00 Salesforce +5%
Activist Elliot Investment Management takes big stake
Joins Activist Starboard
SPOT 0.00 Spotify
Cutting 600 jobs or 6% of its 9,800 employees
AAPL 0.00 Apple
WSJ reports Apple unlikely to cut jobs due to not over-hiring
PYPL 0.00 Paypal -2%
market expected this news, stock in 1-year down 51%
Wells Fargo, Bank of America, JP Morgan and 4 other banks
Teaming up to launch a digital wallet
SBNY 0.00 Signature Bank
SBNY tells Binance it will no longer handle SWIFT transactions for customers below $100k
Looking to limit exposure to digital asset deposits
Affects only ~0.1% of Binance users
SBNY intends to shed ~$10 billion in deposits from digital asset clients
Weekly digital asset fund flows
$37 million inflows last week
Mostly short investment products
Trading activity picked up above 90dma
Total AUM ($29 billion) now highest since September
Bitcoin inflows $5.7 million
Short-Bitcoin inflows $25.5 million (largest since July)
Inflows for Ethereum, Polkadot, Cardano, XRP, Avalanche
Bitcoin Cash +38%
MEME OF THE DAY
Disclaimer: The publisher does not guarantee the accuracy or completeness of the information provided in this page. All statements and expressions herein are the sole opinion of the author or paid advertiser.
Grit Capital Corporation is a publisher of financial information, not an investment advisor. We do not provide personalized or individualized investment advice or information that is tailored to the needs of any particular recipient.
THE INFORMATION CONTAINED ON THIS WEBSITE IS NOT AND SHOULD NOT BE CONSTRUED AS INVESTMENT ADVICE, AND DOES NOT PURPORT TO BE AND DOES NOT EXPRESS ANY OPINION AS TO THE PRICE AT WHICH THE SECURITIES OF ANY COMPANY MAY TRADE AT ANY TIME. THE INFORMATION AND OPINIONS PROVIDED HEREIN SHOULD NOT BE TAKEN AS SPECIFIC ADVICE ON THE MERITS OF ANY INVESTMENT DECISION. INVESTORS SHOULD MAKE THEIR OWN INVESTIGATION AND DECISIONS REGARDING THE PROSPECTS OF ANY COMPANY DISCUSSED HEREIN BASED ON SUCH INVESTORS’ OWN REVIEW OF PUBLICLY AVAILABLE INFORMATION AND SHOULD NOT RELY ON THE INFORMATION CONTAINED HEREIN.
No statement or expression of opinion, or any other matter herein, directly or indirectly, is an offer or the solicitation of an offer to buy or sell the securities or financial instruments mentioned.
Any projections, market outlooks or estimates herein are forward looking statements and are inherently unreliable. They are based upon certain assumptions and should not be construed to be indicative of the actual events that will occur. Other events that were not taken into account may occur and may significantly affect the returns or performance of the securities discussed herein. The information provided herein is based on matters as they exist as of the date of preparation and not as of any future date, and the publisher undertakes no obligation to correct, update or revise the information in this document or to otherwise provide any additional material.
The publisher, its affiliates, and clients of the a publisher or its affiliates may currently have long or short positions in the securities of the companies mentioned herein, or may have such a position in the future (and therefore may profit from fluctuations in the trading price of the securities). To the extent such persons do have such positions, there is no guarantee that such persons will maintain such positions.
Neither the publisher nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein.