Episode Details
Back to EpisodesS&P 500 Equal Weight and gold reach new all-time highs
Description
The US Empire State manufacturing survey showed a jump in sentiment, a welcome sign amid weakness in the manufacturing sector. Ahead of the Federal Reserve's interest rate decision, markets are pricing in a 50 basis point cut, leading to a rotation out of tech stocks and the S&P 500 Equal Weighted Index hitting an all-time high. Microsoft announced a new USD 60 billion share buyback and a 10% dividend increase. Gold hit an all-time high yesterday. Hong Kong's Hang Seng rallied after a successful IPO by Midea Group. Manuel Villegas, Next Generation Research, explains why Bitcoin is a risk-on asset and what this means ahead of US interest rate cuts.
00:00 Introduction by Bernadette Anderko (Investment Writing)
00:21 Markets wrap-up by Mike Rauber (Investment Writing)
07:40 Digital assets by Manuel Villegas (Next Generation Research)
13:06 Closing remarks by Bernadette Anderko (Investment Writing)
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