📈 Stocks / Finance

Tech-led concentration drives S&P 500 to record highs

Yahoo Finance

The S&P 500 rose over 20% in 2024, driven by the "Magnificent Seven" tech stocks, which now comprise nearly 40% of the index. A forward P/E ratio of 21.5 exceeds historical averages, while rate cuts and AI enthusiasm fueled gains. Trump's policies could disrupt this delicate balance.

Trump's Day-One Agenda Signals Market Uncertainty

Yahoo Finance

Donald Trump's planned first-day actions include up to 100 executive orders targeting energy deregulation, tariffs, and immigration. Markets face uncertainty as Trump eyes tariffs on Canada and Mexico, with potential immediate enforcement under IEEPA. Energy-focused orders could reverse Biden-era restrictions.

Tight labor market and rising rates to test bull market’s resilience

TheStreet

Fidelity’s Jurrien Timmer highlights how 2025’s tight labor market and high valuations could amplify market volatility. Robust job growth has limited the Fed’s rate-cutting options, with only 24% of stocks above their 50-day averages, raising concerns about market momentum.

🪙 Crypto

Bitcoin and altcoins approach key levels amid Trump memecoin surge

CoinTelegraph

Bitcoin nears its $108,353 resistance, signaling potential upside to $126,706 if bulls prevail, while the Trump memecoin spiked to $79 before stabilizing. Solana peaked at $295, benefiting from memecoin momentum. Analysts caution on a possible market pullback if sentiment shifts.

🌎 Global Economy

Global growth steady but below historical averages

IMF

Global GDP growth is forecast at 3.3% for 2025–2026, below the 3.7% pre-2020 average. Divergences persist, with robust U.S. growth offset by weaker performance in China and Europe. Inflation is moderating, though core service prices remain elevated in key economies, keeping policy risks high.