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CoinDesk Podcast Network
MARKETS DAILY: Crypto Update | The Geopolitical Perspective With NewEdge Wealth's Ben Emons
Jan 25, 2024
Guest Ben Emons, senior portfolio strategist at NewEdge Wealth, discusses market conditions and portfolio allocation strategies, including sectors to invest in. Geopolitical factors impacting the US economy, trading presidential elections through stocks, and the outlook for Bitcoin after potential spot Bitcoin ETF approval are also covered.
11:23
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Quick takeaways
- A diversified portfolio including financials, emerging markets, and technology sectors is advised due to market uncertainties and potential growth opportunities.
- The US economy is expected to avoid a recession in 2022, supported by ongoing fiscal stimulus, sustained productivity, and positive indicators such as low jobless claims and institutional interest in Bitcoin.
Deep dives
Market Updates and Trends
Bitcoin and Ether experienced slight drops in value, with Ether's trend indicator shifting from uptrend to neutral for the first time since October. Slawcoin was the biggest mover in the CoinDesk market index, losing 30% in value. In traditional markets, the NASDAQ and S&P 500 both showed positive movement, while Brent crude oil rose to $80.65 a barrel. The US crude stockpiles fell to a five-month low due to winter weather disruptions. Gold was trading at $2,015 an ounce.
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Discover
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