It’s “The Week.”
You are correct (good guess), it’s the week of the last Fed meeting of the year. Obviously it’s a big deal. But why? Unless you have had a bad drug trip or live in a cave, everyone knows the Fed is going to cut interest rates by 25bp come this Wednesday. This is what can be referred to as “new old news.” Since this interest rate cut has been anticipated for weeks, Wednesday’s announcement goes in the “does it matter” box.
Farmers are getting a helping hand since the President’s tariffs are cutting into their normal incomes. With tariffs bringing in new revenue, it appears there are expenses tied to those tariffs. Who might be next to seek relief from the tariffs? Not sure, but you can bet your bitcoin there will be more claims. This is something new and spreading.
New this week? Netflix (potentially) buying Warner Bros. Discovery. A shocking deal, to be sure. Not just the price ($72B) but the fact that it’s Netflix. WOW! Ah, but wait. There’s more. Much more. Like $6B more. Coming out of left field, Paramount has launched a $78B hostile bid. So why not more? Money is nothing anymore. Guess these two walk around with $10B notes in their pockets.
Here’s an idea for Netflix on the above. Since Paramount’s bid is hostile (nasty) and really not wanted, Netflix should buy and close quickly and then sell it to Paramount. Thank you and nice trade.
Also new this week, or actually month, are multiple Washington meetings on crypto, digital assets, and blockchain. Tons of legislation are being discussed before Congress adjourns for the holidays. Much of this legislation will certainly have an effect on bitcoin and ancillary businesses. Should some of this legislation actually get passed this week/month, watch crypto. If not, wait till next year, which is only a few weeks ahead.
Remember, what’s “new” this week will be “old” by next week. So, does it really matter?
Bill Taylor is the CEO and Chief Market Strategist at Digital Wealth News, offering expert insights on markets and asset classes. A proud Horned Frog and Texas Christian University grad, he played college basketball while there. With a strong finance background and passion for digital innovation, Bill shares thought leadership on market trends and portfolio strategy for our audience.
