- Augury ⍺ 🟢
- Posts
- SEC's crypto task force signals shift in ETF regulation
SEC's crypto task force signals shift in ETF regulation
5 articles I'm watching carefully
Tyler Dupont
January 23, 2025
In partnership with
Tyler Dupont  Good morning 👋 Here's the latest news I'm tracking today. |
📈 Stocks / Finance
Semiconductor ETFs surge on Stargate Project news
Semiconductor ETFs like SOXX and SMH climbed over 1.4% after the $500 billion Stargate Project, aimed at building AI infrastructure in the U.S., was announced. Nvidia shares rose 4.4% on projected demand for its AI chips, though skepticism emerged over the project's funding viability.
Crude oil prices slip on dollar strength, weak demand signals
Crude oil prices fell amid a stronger dollar and weak energy demand signals, with March WTI crude down 0.50%. Key pressures include potential US tariffs on China, increased tanker storage, and weak German growth. Support came from sanctions on Russian exports and delayed OPEC+ output increases.
Dimon warns of inflated stock valuations
Jamie Dimon, CEO of JPMorgan, highlighted risks of overvalued stocks at Davos, citing stretched S&P 500 P/E multiples (21.6x vs. 5-year avg. 19.7x) and geopolitical, inflation, and deficit concerns. Goldman Sachs echoed his caution, warning the market is 'priced for perfection.'
🪙 Crypto
SEC's crypto task force signals shift in ETF regulation
The SEC has launched a crypto task force, led by Hester Peirce, to establish clear registration and disclosure rules for digital assets. By addressing outdated custody regulations and coordinating with the CFTC, this initiative aims to spur ETF innovation after years of regulatory ambiguity.
🌎 Global Economy
China's market boost lifts Asian stocks
Asian stocks rose as Chinese regulators encouraged insurers and mutual funds to increase market investments, with the CSI 300 gaining 1.8%. Analysts view this as a short-term lift for Chinese equities. Meanwhile, US-China tensions and mixed global economic signals continue to weigh on sentiment.
Tackle Your Credit Card Debt With 0% Interest Until Nearly 2027 AND Earn 5% Cash Back
Some credit cards can help you get out of debt faster with a 0% intro APR on balance transfers. Transfer your balance, pay it down interest-free, and save money. FinanceBuzz reviewed top cards and found the best options—one even offers 0% APR into 2027 + 5% cash back!