XRP shows signs of bullish divergence amid downturn

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Good morning 👋

Here's the latest news I'm tracking today.

 📈 Stocks / Finance

Buffett's $563M stock buy hints at selective market value

Warren Buffett’s Berkshire Hathaway disclosed $563M in new stock purchases, including Occidental Petroleum, Sirius XM, and VeriSign, despite holding $320B in cash amid an overvalued market. These underperforming value stocks signal Buffett's selective confidence in long-term opportunities.

Mixed Markets Amid Santa Claus Rally Pause

US stocks ended mixed as light post-Christmas trading saw the 10-year Treasury yield touch 4.64% before easing to 4.58%. The Nasdaq, S&P 500, and Dow gained 33%, 26%, and 14% YTD, respectively. A robust Treasury auction and strong labor market data underpinned optimism despite geopolitical tensions.

Credit markets face mounting risks as rates weigh

Debt investors have overlooked mounting risks, but 2025 could see cracks emerge. With $489 billion in CCC-rated debt, rising private-loan defaults, and speculative-grade maturities doubling by 2026, refinancing challenges will intensify if central banks keep rates high, pressuring firms.

🪙 Crypto

XRP shows signs of bullish divergence amid downturn

XRP dropped 6%, underperforming the crypto top 10, but bullish divergence in its RSI hints at a potential relief bounce. Analysts urge caution, noting broader indicators are needed. Ripple's RLUSD launch failed to sustain momentum, with XRP still 36.3% below its 2018 peak.

🌎 Global Economy

Asia’s industrial profs slide as Tokyo inflation rises

China’s industrial profits fell 7.3% in November, marking a fourth consecutive decline as stimulus efforts lag. Tokyo’s inflation rose to 3%, signaling potential nationwide trends. Japan’s cabinet approved a $732B budget while limiting new bond issuance to a 17-year low.

2025 Prediction: A Surge of Self-Serve CTV Buyers

Roku predicts that 2025 will be a breakthrough year for self-serve CTV advertising. Roku Ads Manager makes it easy to integrate CTV into your 2025 marketing mix. Easily segment your target audience, optimize campaigns in real-time, and drive conversions with interactive ad formats and shoppable ads with a Shopify integration. Roku Ads Manager makes CTV advertising accessible and impactful for businesses of any size.

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