📈 Stocks / Finance

Fed's independence faces potential challenges under Trump

Yahoo Finance

President-elect Trump’s economic policies could clash with Fed Chair Powell’s monetary stance, especially if tariffs and tax cuts raise inflation. Powell has resisted attempts to undermine the Fed's independence, but proposals from Trump allies, like Musk's critique of the Fed’s workforce, signal looming tensions.

Jobs data and tech headlines shape first trading week of 2025

Yahoo Finance

Stocks entered 2025 with declines as the S&P 500 fell 1.5%, and the Nasdaq lost nearly 2%. The December jobs report, crucial Fed meeting data, and Nvidia’s CES updates dominate the week. Analysts expect gradual labor market cooling, with December job gains forecasted at 153,000 and unemployment steady at 4.2%.

Goldman Sachs' top sectors for 2025

The Street

Goldman Sachs' sector model highlights Materials and Software & Services as top picks for 2025, with EPS growth forecasts of 13% and 14% respectively. Despite high valuations in software, AI investments and robust ROE of 31% drive optimism. Materials trade at an 8% discount to the S&P 500.

🪙 Crypto

XRP's bullish potential amid market recovery

TradingView

XRP surged to the third-largest cryptocurrency by market cap after a 16% weekly rise, now priced at $2.42. Analyst Ali Martinez predicts a 350% rally to $11, citing a bull pennant pattern. Key levels include $2.73 resistance and potential correction to $2.05 before upward momentum.

🌎 Global Economy

China's bond yields near historic lows amid currency slide

Reuters

China's 2-year bond yield is poised to fall below 1%, a record low, reflecting investor expectations of policy easing. Meanwhile, the yuan hit a 4-month low at 7.30 per dollar, with deflationary pressures persisting. Beijing faces challenges balancing growth revival and market stability.

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