Friday, January 24th
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“The history of philosophy is to a great extent that of a certain clash of human temperaments.”
-William James
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Markets Today
🌏 Asia-Pacific: Mixed
🇪🇺 Europe: Up
🇺🇸 United States: Up
🛢️ Oil: Up
⚡Crypto: Up
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Major Market Events
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Trump says he’d ‘rather not’ put tariffs on China
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Morgan Stanley CEO: The whale-like deal is out there under Trump
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Vanguard’s S&P 500 fund is about to become world’s largest ETF
🤔 My Thoughts
Well, the sentiment on rate cuts coming this year was very bearish – and frankly rate cuts might be dangerous with the inflation we’ve seen over the last few years.
But that all changed recently.
Speaking via video to the World Economic Forum in Davos, Switzerland, President Trump made a bold, controversial statement.
(Shocking for him, I know!)
“I’ll demand that interest rates drop immediately,” Trump said. “And likewise, they should be dropping all over the world. Interest rates should follow us all over.”
From the perspective of a trader and real estate investor, that’s great news. But as someone who also buys gas and groceries, there’s a delicate balance to strike with interest rates to avoid inflation roaring out of control again.
It’s Friday – what are the insiders up to?
Nancy Pelosi recently sold over $5 million of AAPL stock.
Republican Jerry Moran is buying up Berkshire Hathaway.
Democrat Jonathan Jackson is selling defense contractor General Dynamics.
And most interestingly Republican Thomas Kean is buying up a lesser-known semiconductor company ADI – which might see a pop from the $500 billion Stargate Trump AI initiative.
That’s one we’re keeping our eyes on.
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Testimonial of the day
Ivan S..: “made 528 37.6 % very happy”