NEW: US BlackRock updated their home page to showcase their new spot Bitcoin ETF
Source: Bitcoin Magazine
More and more companies are staying private for longer, avoiding IPOs until much later in their growth cycle (if they get there at all).
Source: Markets & Mayhem
A bipartisan proposal for an unexpected $70B fiscal boost of tax breaks for businesses and families could fuel us economic growth (and inflation) in 2024
Source: Bloomberg
"Positioning is extremely long... Non-dealer positioning in US index futures is at a all-time highs. Systematic positioning (CTAs + Vol Control + Risk Parity) is near 1y highs."
Source: JP Morgan, TME
US 2024 Presidential race: Trump heads into Iowa caucuses
The Iowa caucus on January 15 launches the long designation process of the Republican and Democrat candidates to the US presidential election. On that day, only Republicans will vote (Democrats will hold their own later in 2024). While Iowa is a small state, and not very representative of the country’s population (90% of Iowa’s population is white), it is seen as very important for candidates to gather positive momentum for the remaining of the campaign and the following state caucus and primaries. In the current context, the Iowa caucus may already provide a hint on whether any challenger to Trump within the Republican party has the potential to compete with the former President, or not. Source: Bloomberg, PredictIt
Key takeaways from Taiwan's President election;
1) Re-elected President Lai Ching-te (DPP party) favors closer ties with the US and an expected status quo regarding the situation of Taiwan and the existing relationships. We don’t expect any significant change in Taiwan’s policies 2) We note that US President Biden statement post-election has been very balanced (Official congratulations to Lai-Ching Te but no support to Taiwan independence vote) Source: Bloomberg
Tether $USDT's market cap dominance is 71% now.
Source: https://cryptoquant.com, Ki Young Ju
The Fed balance sheet expanded last week by $5.7BN - the most since March's SVB crisis...
Source: Bloomberg, www.zerohedge.com
