Another asset that we're keeping an eye on is bit Bitcoin that was briefly falling below $100,000 for the first time since May. Mackenzie Sagallos is here. She's got more on the move.Hi Mac. Hey Morgan. So that's right.Bitcoin was trading below that key $99,000 threshold today. Its lowest level in over a month after President Trump confirmed that US bombers struck three of Iran's nuclear sites over the weekend. Now those strikes sparked a wave of risk aversion across crypto.At its worst point today, Ether w ...

it's the world's largest bank by market cap and run by one of crypto's most tireless haters but while Jamie Diamond trash talks Bitcoin in the streets Bitcoin itself is a is a hyped up fraud it's a pet rock you're back to that really of course yeah jp Morgan is offering clients crypto in the sheets so what's up with that and is it bullish bearish or no big deal today we investigate the parasitic relationship between America's biggest mega bank and crypto my name is Nick and you're watching the Coin Bureau i ...

The crypto industry getting a major leg legislative win uh after the Senate passed the Genius Act uh last night. Mackenzie Sagalis is here at Post 9 and can give us some of the details. McKenzie, hey, good morning, David.You've got Bitcoin down 4% over the past week, now trading just below $15,000. Ether has lost nearly 10% in that same stretch. The drop comes as ETF inflows cool, the dollar gain strength, and traders await today's Fed decision on interest rates, all of which are adding pressure to those ri ...

Market Analysis & Outlook - JP Morgan notes the impressive market rally since early April is showing signs of slowing down, with smaller steps and narrower ranges [1][2] - Technical analysis suggests rally exhaustion, with momentum divergence indicating a short-term correction bias [3][4] - A potential 5% pullback to the 5700-5800 level is anticipated, but summer seasonals are expected to provide support [5] - Positioning suggests speculative community is not overly long, and retail investors are unlikely to sell ahead of a correction, contributing to market resilience [8][9] Treasury Market Insights - The front end of the Treasury market has priced in 3-4 rate cuts, remaining rangebound, while the long end shows weakness due to concerns about US exceptionalism and fiscal discipline [9] - Bonds have formed a multi-week yield top pattern, retesting the cycle high around 415-418 (likely a typo, should be 515-518), with a potential break below 480 leading to lower yields towards 460-455 on the 30-year bond [10] - This bond setup is considered an out-of-consensus view, contrasting with prevailing sentiment [11] Sector & Asset Class Preferences - Deep cyclicals, including materials and energy, were previously favored ahead of recent headlines [12] - Base metals appear exhausted and some are rolling over, while energy has broken through resistance, reaching 80, but its future depends on the current crisis [13][14] - Small caps are considered more vulnerable, remaining below their breakdown zone, with a preference for quality stocks, the Magnificent 7, and big AI tech names in a market sell-off [14][15]

They control trillions of dollars of wealth. They're only just now coming online. I think that's the biggest unlocking potential for the Bitcoin ETFs.And big big crypto news today as Bitcoin's price is reflecting the latest headlines. Starting off the day at about $14,000 at time of recording. Bitcoin is at $18,000 and pushing higher.This is all as one of the largest banks in America. The Bank of America just labeled Bitcoin as one of the biggest disruptors of all time. Smash the like button if you've been ...

Group 1 - President Trump's new 25% tariffs on imported passenger vehicles have negatively impacted shares of Ford, GM, and Stellantis, while benefiting Tesla, whose stock rose by 4% [1] - The tariffs could cost the auto industry up to $82 billion and reduce earnings for Detroit's Big Three by as much as 60%, but Tesla's domestic production allows it to avoid these costs [2] - Tesla's Model Y SUV is expected to benefit significantly, as nearly 50% of its competitors may face increased input costs of $4,000 to $5,000 per vehicle due to the tariffs [3][4] Group 2 - The scope of the tariffs has expanded to include imports from all countries, affecting vehicles from South Korea and Italy, in addition to existing tariffs on non-US-produced vehicles [4] - Tesla is currently facing declining sales and scrutiny over CEO Elon Musk's involvement with the Trump Administration, despite Trump's support for the brand [5]

Core Insights - During market turbulence, investors often seek dividend-yielding stocks, which typically have high free cash flows and offer substantial dividends [1] Group 1: Company Ratings and Analyst Insights - Dow Inc. has a dividend yield of 7.87% with an Overweight rating maintained by JP Morgan analyst Jeffrey Zekauskas, who reduced the price target from $47 to $40, and Wells Fargo analyst Michael Sison, who cut the price target from $55 to $50 [7] - Huntsman Corporation has a dividend yield of 6.22% with an Overweight rating maintained by JP Morgan analyst Jeffrey Zekauskas, who lowered the price target from $25 to $22, and Wells Fargo analyst Michael Sison, who also cut the price target from $25 to $22 [7] - The Scotts Miracle-Gro Company has a dividend yield of 4.63% with an Overweight rating maintained by Wells Fargo analyst Chris Carey, who slashed the price target from $85 to $80, and JP Morgan analyst Jeffrey Zekauskas, who reduced the price target from $85 to $80 [7] Group 2: Recent Company News - Dow Inc. announced the pricing of its cash tender offer on March 11 [7] - Huntsman Corporation reported better-than-expected quarterly revenue on February 17 [7] - The Scotts Miracle-Gro Company reported a first-quarter adjusted loss per share of 89 cents, which was narrower than the expected loss of $1.23 on January 29 [7]

Core Insights - The U.S. FDA has approved Alnylam Pharmaceuticals' supplemental application for Amvuttra, making it the first and only therapeutic approved for treating ATTR-CM and hATTR-PN in adults [1][2] Group 1: Drug Approval and Indication - Amvuttra is indicated for adults with cardiomyopathy of wild-type or hereditary transthyretin-mediated amyloidosis (ATTR-CM), aimed at reducing cardiovascular mortality, hospitalizations, and urgent heart failure visits [1][2] - ATTR-CM is characterized by the misfolding of transthyretin (TTR) protein, leading to heart stiffness and potential heart failure [2] Group 2: Market Opportunity and Analyst Insights - JPMorgan has upgraded Alnylam to an Overweight rating, raising the price target from $280 to $328, citing a significant multi-billion dollar opportunity for Amvuttra in TTR amyloidosis [3][4] - Analyst Jessica Fye projects Amvuttra sales in cardiomyopathy to reach approximately $81 million in 2025, an increase from the previous estimate of $79 million [3] Group 3: Stock Performance - Following the news, ALNY stock rose by 3.50%, reaching $293.25 [5]

Core Insights - The ETF conference in Las Vegas highlights the growing focus on practice management among asset managers and investment advisors, with approximately 35% of the content dedicated to this area [2] ETF Flows and Trends - Year-to-date ETF flows have been volatile, with significant inflows into equities and fixed income, particularly ultrashort funds, while precious metal funds have seen lower inflows despite high gold prices [3][5] - Passive index funds continue to dominate equity inflows, accounting for about half of the total, while there are signs of outflows in large cap growth funds, indicating potential nervousness among tech momentum investors [4] - Fixed income inflows are nearly on par with equity inflows, driven by market volatility and an aging population seeking safer investments [5][6] Private Equity and Credit - There is a strong demand for private equity and private credit within ETF structures, but challenges remain in providing these assets in an ETF wrapper due to liquidity mismatches [10][11] - The recent launch of the SPDR SSGA Apollo IG Public & Private Credit ETF (PRIV) received modest demand, indicating a cautious approach from investors [10] Actively Managed ETFs - Actively managed ETFs represent less than 10% of the total ETF market but have attracted nearly 30% of new cash inflows this year, showcasing their growing popularity [13] - Products focused on option income and buffered strategies are gaining traction, appealing to investors seeking regular income and downside protection [14][15] Leveraged and Inverse ETFs - Leveraged and inverse ETFs have increased from about 2% to 7% of total ETF assets, with a notable shift towards single stock ETFs focused on high volatility tech stocks [16][17] - Year-to-date flows for single stock leveraged/inverse ETFs reached $6.5 billion, indicating strong interest in this segment [18] ETF Share Classes of Mutual Funds - The expiration of Vanguard's patent has led to increased interest from other firms to offer ETF share classes of mutual funds, with around 50 firms awaiting SEC approval [21] - Industry experts anticipate rapid SEC approval, which could enhance tax efficiency and benefit fund shareholders [22]

Core Viewpoint - JP Morgan analyst Arun Jayaram maintains an Underweight rating on ProFrac Holding Corp. (ACDC) with a price target of $7, following disappointing fourth-quarter results that missed sales expectations and reported a significant net loss [1]. Financial Performance - ACDC reported fourth-quarter sales of $454.7 million, falling short of the consensus estimate of $479.3 million, and recorded a net loss of $105.0 million compared to a loss of $45.2 million in the same quarter last year [1]. - The results were impacted by misses in EBITDA and free cash flow (FCF) attributed to seasonality and a weaker macroeconomic environment [1]. Operational Insights - Management noted an increase in ACDC's active fleet count, reaching its highest level since mid-2024, with six additional fleets secured since the fourth-quarter low point [2]. - The company expects lower average pricing to slightly offset modestly higher activity in Stimulation Services year-over-year [2]. - Continued industry-wide equipment attrition is anticipated due to higher hours pumped per fleet and lower reinvestment levels [2]. Future Projections - The analyst estimates an average of 29.3 fleets in the first quarter of 2025, leading to Stimulation Services EBITDA of approximately $80 million [3]. - Profitability is expected to improve as utilization increases across business units throughout the year, albeit at a slower pace [3]. - Revised EBITDA forecasts for 2025 and 2026 are $472 million and $588 million, down from previous estimates of $543 million and $680 million, respectively [3]. Cash Flow and Capital Expenditure - Projected FCF generation for 2025 and 2026 is $78 million and $184 million, respectively, with capital expenditures estimated at $340 million and $447 million for the same periods [4]. - Investors can gain exposure to ACDC through the Invesco Oil & Gas Services ETF (PXJ) [4]. Stock Performance - ACDC shares are down 1.65%, trading at $7.15 as of the last check on Monday [4].