Bloomberg Intelligence Bonuses Set to Grow on Wall Street, Home Depot Earnings
Nov 12, 2024
Mike McGlone, a Senior Commodity Strategist, dives into the rising trends in commodities and Bitcoin, linking them to shifting market dynamics. Emily Leville, a Portfolio Manager, highlights investment strategies in China amid economic challenges. Meanwhile, Robin Potts, a CIO in commercial real estate, examines current trends impacting the market, including vacancy rates and evolving tenant preferences. Together, they shed light on the significant implications for investors and the broader financial landscape.
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Wall Street Bonuses Set to Rise
- Wall Street bonuses are expected to rise for the first time since 2021, driven by increased profitability in trading and dealmaking.
- Double-digit percentage increases are projected, potentially reaching as high as 25% for some, bringing bonuses closer to 2021 levels.
Home Depot's Outlook and Housing Market
- Home Depot raised its outlook due to hurricane-related sales and warmer weather, but underlying trends remain unchanged.
- Existing home sales are at 14-year lows, making a home improvement retail rebound challenging despite increased activity.
Bitcoin's Price Surge and ETF Flows
- Bitcoin's recent price surge is attributed to increased ETF flows and the new political landscape.
- Total Bitcoin ETF holdings now exceed $100 billion, up from $8 billion a year ago, almost half of gold ETF holdings.
