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President-elect Donald Trump's Treasury secretary pick, Scott Bessent, is viewed by financial markets as a stabilizing force within the new administration. Bessent, head of Key Square Capital and known for his fiscal conservatism, may advocate for a broad economic agenda while adopting a moderate stance on tariffs as negotiation tools.
Investment grade bonds are expected to yield mid-single-digit returns, while the S&P 500 is projected to reach 6,600 by the end of 2025. Key opportunities lie in artificial intelligence, power resources, and real estate, despite potential market volatility from tariffs and geopolitical risks. Investors are advised to diversify and strategically position their portfolios for lower interest rates and currency fluctuations.
At Art Basel Miami Beach 2024, UBS will showcase a new commission by Sagarika Sundaram and a solo presentation by Sarah Zapata, highlighting innovative textile art. The event features public panel discussions and offers complimentary tickets to nearly 1,000 students, reinforcing UBS's commitment to art and education. The fair runs from December 6 to 8 at the Miami Beach Convention Center.
The Republican Party has retained a narrow majority in the US House, granting President-elect Trump unified control to pursue his policy agenda, including tax cuts and deregulation. However, a slim majority may limit some initiatives amid rising US deficits. Investors are advised to diversify portfolios, focusing on trends like falling interest rates, AI growth, and gold as a hedge, while considering alternative investments for those who can manage associated risks.
CIO maintains that crypto assets are speculative trades, highlighting Bitcoin's volatility and correlation with global equities. While the crypto market rallies, the focus remains on equities, particularly in tech and AI, supported by solid US economic growth and favorable macro conditions. The expectation is for continued earnings growth and a positive outlook for sectors like utilities and financials.
Spot gold prices dropped over 2% due to a stronger US dollar and uncertainty surrounding the Federal Reserve's rate outlook. The DXY dollar index reached its highest level since July, while expectations for a December rate cut diminished. Despite this sell-off, fundamentals remain supportive for gold, with a target of USD 2,900/oz by September 2025, suggesting investors should consider buying on dips toward USD 2,600/oz.
The US has ordered Taiwan Semiconductor Manufacturing Co to stop shipments of advanced AI chips to mainland China, heightening volatility in the semiconductor sector. This follows previous export controls and comes amid expectations of increased tariffs under President-elect Donald Trump. Despite uncertainty, strong fundamentals and big tech's commitment to AI spending are expected to support semiconductor companies in the long term.
U.S. markets rallied as investors awaited election results, with major indexes gaining over 1%. Preliminary results show Donald Trump winning key swing states, while the People's Bank of China plans to support its economy through monetary policy. Analysts suggest focusing on long-term stock opportunities amid potential post-election volatility.
Big tech's investment in AI is set to bolster the sector, with companies like Microsoft, Alphabet, Amazon, and Meta projected to increase their combined capital expenditures to USD 222 billion this year and USD 267 billion in 2025. Despite mixed earnings results, the growth trajectory for AI remains strong, driven by rising cloud revenue and increased adoption across industries. However, challenges persist in consumer tech, as evidenced by weaker forecasts from Apple and Samsung amid broader economic uncertainties.
Major U.S. indexes fell sharply, driven down by Big Tech losses, with Microsoft, Meta, and Apple disappointing investors despite beating earnings expectations. While Apple and Amazon reported strong results, concerns over conservative forecasts and growth potential weighed heavily on market sentiment. Analysts remain cautiously optimistic about the sector's long-term growth, particularly in AI-related investments.
Solita Marcelli
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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