WEEK OF NOVEMBER 25, 2024
Welcome to the Traderverse Weekly Newsletter!
Happy Thanksgiving!
As we gather with loved ones to celebrate this season of gratitude, we want to take a moment to thank YOU—our amazing supporters, community members, and partners. Your belief in our vision and dedication to this journey means the world to us.
We also want to extend a heartfelt thank you to our incredible team and their families, whose hard work and support make everything we do possible.
Please note, the markets will be closed on Thursday in observance of the holiday. Take this opportunity to relax, reflect, and enjoy time with those who matter most.
Wishing you a joyous Thanksgiving filled with warmth, gratitude, and plenty of delicious food!
Important Prices
What’s Moving The Markets?
Gary Gensler Resigns As SEC Chair
Gary Gensler’s resignation as SEC Chair, effective January 2025, concludes a controversial tenure defined by his regulation-by-enforcement approach to cryptocurrency, coinciding with political shifts as President-elect Donald Trump prepares for his second term.
Nvidia’s Earnings: AI Boom Bottleneck
Nvidia (NVDA) faces short-term challenges with supply chain constraints and production delays for its Blackwell chips, but demand for its AI processors remains exceptionally strong, underscoring its long-term dominance in the booming AI market.
Amazon’s $8 Billion AI Bet
Amazon (AMZN) has invested $8 billion in Anthropic to deepen their AI partnership, aiming to develop Trainium chips, bolster AWS Neuron, and challenge Nvidia’s dominance in the AI hardware market despite Anthropic’s existing reliance on Nvidia GPUs.
U.S.-China Trade Tensions
The United States may impose tariffs of up to 40% on Chinese imports, potentially cutting China’s growth by 1 percentage point, as economists warn of escalating trade tensions and Beijing grapples with domestic economic challenges.
Apple Pushes Back Against DOJ
Apple (AAPL) has urged the dismissal of a DOJ lawsuit alleging monopolistic practices, arguing insufficient proof of monopoly power, as the case highlights ongoing antitrust scrutiny of Big Tech and its impact on industry competition.
Trump Admin Eyes US Bitcoin Reserve
The cryptocurrency industry is energized as President-elect Donald Trump plans to create a Bitcoin (BTC) reserve, establish a White House crypto role, and form an advisory council involving key figures like Coinbase’s (COIN) Brian Armstrong to shape U.S. digital asset policy.
S&P Outlook
EARNINGS RELEASE CALENDAR
FOR WEEK OF NOVEMBER 25th
Economic Data Calendar
