- Why Wall Street found Trump’s first day reassuring “Nevertheless, Trump did not actually establish any new tariffs on his first day in office, as his administration’s arch-protectionists had hoped that he would. Investors interpreted Trump’s caution as a sign that he would be heeding his advisers’ push for a more limited and incremental tariff policy; stocks rose Monday while the US dollar fell.” (Vox)
- Carson Group Expects Bull Market to Continue as Policy Tailwinds Support Growth “Carson is overweight equities with a baseline target S&P 500 total return of 12- 15% in 2025, based on the economic environment supporting further margin expansion and earnings growth…. Carson notes that the weakest area of the U.S. economy is housing, which is highly dependent on interest rates. Affordability has plunged, which in turn has weighed heavily on builder activity.” (Carson)
- What Does Trump's Second Term Mean for Investors, ETFs? “Indeed, while Trump will certainly drive the stock market from time to time while he’s president, other factors, like the business cycle and the boom in artificial intelligence, will likely be bigger factors for how the market performs over the next four years.” (ETF.com)
- What Does it Cost to Be Entertained By Your Investments? Try 14% a Year “What I found is that, over those three years, the average dollar invested in thematic funds lost around 7% per year. Even when you remove the largest thematic fund―ARK Innovation ETF ARKK, which famously soared, gathered billions in assets, and then fell like a stone―these funds still lost almost 6% per year in dollar-weighted terms. To put that in perspective, the S&P 500 gained more than 11% per year over that span.” (Morningstar)
- Donald Trump threatens tax war over US multinationals “Trump’s order on Monday includes investigating ‘whether any foreign countries are not in compliance with any tax treaty with the US or have any tax rules in place, or are likely to put tax rules in place, that are extraterritorial or disproportionately affect American companies’.” (Financial Times)
- Global ETF Flows - 2024 in Review Global ETF flows captured an annual record USD 1.5 trillion for the calendar year. Investors’ ‘risk on’ posture was evident throughout the year in exchange-traded fund flows and was further amplified by the US presidential election in November.” (Morningstar)
- Scaling for growth: Navigating the next chapter for alts managers “In the U.S. alone, there are over 15,000 investment advisors providing asset management services to more than 60 million individuals.4 Most alternative investment managers, however, have sales and service models that were designed for the significantly more concentrated institutional investor and asset owner client base.” (BNY)
- KPMG 2024 Asset Management CEO Outlook “Asset management CEOs are largely optimistic about their industry's growth, with a majority expecting earnings to grow by 2.5% or more in the next three years. Workforce expansion is anticipated, with 89% planning to increase headcount.” (KPMG)
- Trump’s Return: What It Means For Alternative Investments “While some sectors may benefit from deregulation or tax incentives, others might face reduced government support or policy shifts. Investors considering alternative strategies should proactively adjust their portfolios to anticipate these potential changes, prioritizing sectors that are likely to receive favorable treatment or have inherent resilience to policy-induced volatility.” (Forbes)
- Crypto Thought Trump Would Bring It Legitimacy. Then He Launched a Meme Coin. “By selling coins known for their speculative nature and extreme volatility, the president has undermined the credibility that the industry has worked hard to build in recent years, some crypto executives and investors say. Meme coins are still the wild west of crypto, operating largely without regulation. Even the most ardent Trump supporters reached a breaking point when the $MELANIA token launched less than 48 hours after the rollout of her husband’s coin.” (WSJ)
- Data Center Firms 'Getting Creative' To Squeeze AI Into Older Buildings “As major tenants increasingly look to deploy AI computing workloads in colocation data centers where they may already operate their older IT infrastructure, operators of those facilities have had to scramble to find ways to integrate AI processing despite underlying infrastructure ill-suited to support it.” (Bisnow)
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