Bank of America’s trading desk is urging clients to buy US momentum stocks, betting the group has reached an attractive price level after a bout of profit taking https://t.co/027aKfVEtu ...

Market Trends and Asset Allocation - S&P Dow Jones Indices and Pantera Capital launched a new digital asset index focusing on tokens with real revenue and utility rather than price momentum[1] - Bank of America survey indicated that gold is currently viewed as the most undervalued asset among fund managers in over 3 years[1] - Bank for International Settlements reported that dollar-backed stablecoins remain largely unaffected by capital controls, raising concerns about weakened monetary sovereignty in emerging markets[3] Regulatory and Policy Developments - Treasury Secretary Scott Bessent stated that lawmakers are at the 1-yard line regarding the Clarity Act, urging Congress to pass the legislation before recess[1] - The White House plans to redirect billions of dollars in federal research funding toward AI and individual scientists away from universities to outpace China[2] - The Digital Chamber filed a lawsuit to block Illinois' new Digital Asset Tax Act prior to its effective date in 2027[2] - Pakistan established a dedicated federal unit to investigate cryptocurrency-related cybercrime and financial fraud, expanding national crypto enforcement[2] - Bipartisan discussions continue on Capitol Hill regarding ethics language in the Clarity Act, which is a key issue shaping market structure bill support[4] - Russia's State Duma passed a major crypto bill awaiting President Vladimir Putin's signature before taking effect on September 1[4]

🚨 UPDATE: Gold is now viewed as the most undervalued asset among fund managers in over three years, per Bank of America's survey. https://t.co/5SFszzR6Sr ...