WEEK OF JANUARY 6, 2025
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Important Prices
What’s Moving The Markets?
Trump's 2025 Return
U.S. investors face a pivotal 2025 as President-elect Donald Trump’s return to the White House ushers in policy shifts—tariffs, deregulation, and tax changes—that may drive market volatility and prompt portfolio realignments.
Biden Blocks Nippon Steel's U.S. Steel Bid
U.S. President Joe Biden officially rejected Nippon Steel’s $14.9 billion bid for U.S. Steel, citing national security concerns, effectively ending the yearlong deal opposed across party lines ahead of the 2024 presidential election.
Skydance-Paramount Merger Faces Challenges
Skydance Media and Paramount Global defended their $8.4 billion merger against FCC opposition led by the Center for American Rights, which cited concerns over foreign influence due to China’s Tencent Holdings’ investment in Skydance.
Nvidia's $2T Market Cap Gain in 2024
Nvidia became the top global market cap gainer in 2024, soaring from $1.2 trillion to $3.28 trillion, fueled by booming AI demand and its industry-leading AI chips.
Apple Discounts iPhones in China
Apple is offering rare discounts of up to 500 yuan ($68.50) on select iPhone 16 models in China from Jan. 4-7, aiming to bolster market share amid growing competition from Huawei.
E-Trade Eyes Crypto Trading
Morgan Stanley’s E-Trade is reportedly considering offering cryptocurrency trading services, driven by expectations of favorable regulation under President-elect Donald Trump’s administration, signaling institutional interest in the growing digital asset sector.
S&P Outlook
Bear Case: Bears are closely monitoring the supply zone at 6117, prepared to defend it vigorously if the price approaches. This zone is significant due to the potential of trapped longs seeking exits, which could aid bears in driving the price downward. Successfully controlling this level could enhance bears’ influence in the market and affirm their dominance.
Bull Case: Bulls are currently positioned between significant levels, maintaining control above the 5842 demand zone. To seize further upward momentum, they need to break through and consistently hold above 6117. Should the market retrace, the ability to defend the 5842 level will be crucial for maintaining bullish control and setting the stage for potential recoveries.
EARNINGS RELEASE CALENDAR
FOR WEEK OF JANUARY 6th
Economic Data Calendar
