WEEK OF NOVEMBER 11, 2024
Welcome to the Traderverse Weekly Newsletter!
We’re thrilled to announce that Traderverse will be attending DC Startup Week!
This exciting event brings together innovators, entrepreneurs, and investors, and we’re eager to showcase our vision for the future of social trading. We look forward to connecting with the vibrant startup community, sharing our journey, and exploring new opportunities for growth. If you’re attending, we’d love to meet you and discuss how Traderverse is transforming the trading experience.
See you in D.C.!
Important Prices
What’s Moving The Markets?
Donald Trump has reclaimed the presidency with a decisive victory over Kamala Harris, securing 312 electoral votes and a popular vote lead, as economic concerns drove rural and working-class support, sparking market optimism and signaling potential shifts in U.S. policy.
The Federal Reserve cut interest rates by 0.25%, bringing them to 4.50%-4.75%, to stabilize inflation and employment as policymakers assess the potential impacts of President-elect Trump’s economic agenda, while Fed Chair Powell signaled no immediate policy changes.
Apple Inc. (AAPL) may soon face the first fine under the EU’s Digital Markets Act, a sweeping regulation aimed at curbing tech giants’ market dominance, as EU regulators intensify efforts to enforce fair competition standards across digital markets.
The U.S. Supreme Court’s upcoming cases on Meta (META) and Nvidia (NVDA) could significantly reshape private securities fraud litigation, with potential rulings favoring corporate protections amid recent limitations on federal regulatory powers, making private legal actions crucial for accountability.
Amid hopes for growth, emerging market investors face heightened uncertainty in 2025 as Trump’s presidency looms, signaling potential tariffs, a strong U.S. dollar, and geopolitical shifts that compel a cautious, recalibrated investment approach.
In a strategic shift, Russia, while not abandoning the US dollar, is opting to minimize its role in settlement transactions, reflecting BRICS’ broader push for financial independence and a nuanced approach to de-dollarization.
S&P Outlook
Bear Case: Bears need to decisively break and sustain the price below 5900 to initiate genuine bearish momentum. If they manage to achieve this, the next critical target would be 5706, marking a significant milestone for a strong bearish movement. These steps are crucial for bears aiming to reverse the current upward trend and instigate a deeper market correction.
EARNINGS RELEASE CALENDAR
FOR WEEK OF NOVEMBER 11TH
Economic Data Calendar
