Citigroup still plans to pursue an IPO for its Mexican retail unit even after receiving a new offer by mining and transportation conglomerate Grupo Mexico, Citi said in a statement on Monday. ...

Core Insights - Deckers, the parent company of Hoka, has been recognized for its exceptional returns on invested capital according to a report by Citi [1] Company Summary - Deckers has demonstrated strong financial performance, particularly in its ability to generate high returns on invested capital, which positions it favorably in the competitive landscape [1] - The company's brand Hoka has gained significant traction in the market, contributing to Deckers' overall success and financial metrics [1] Industry Summary - The footwear industry is witnessing a shift towards brands that can deliver high returns on investment, with Deckers setting a benchmark for others [1] - Companies in the industry are increasingly focusing on optimizing their capital investments to enhance profitability and shareholder value [1]

Core Insights - The copper market is facing significant supply disruptions due to three major events, leading to a revaluation of prices and a projected deficit in the market [1][5][19] Supply Disruptions - A mudflow at Freeport-McMoRan's Grasberg mine in Indonesia is expected to remove approximately 525,000-591,000 tons of copper from global supply through the end of 2026, equating to 2.6% of worldwide mine production [3][5] - Codelco's El Teniente mine in Chile has suspended operations due to a tunnel collapse, further constraining output [4] - Hudbay's Constancia mill in Peru has temporarily halted operations amid social unrest, adding to the supply challenges [4] Demand Projections - New mining projects are projected to add only 4.39 million tons of copper annually through 2030, while demand is expected to grow from 27 million tons to 33 million tons, indicating a structural deficit [2][12] - AI infrastructure is creating new demand for copper, with hyperscale AI data centers requiring up to 50,000 tons of copper each, significantly more than conventional facilities [7][8] Price Forecasts - Goldman Sachs has revised its 2025 copper market forecast from a surplus of 105,000 tons to a deficit of 55,500 tons, indicating a fundamental shift in market dynamics [5][12] - Bank of America projects peak prices could reach $15,000 per ton under tight supply scenarios, representing a potential upside of approximately 43% from current levels [12][17] Long-Term Demand Drivers - Electrification trends, including electric vehicles and renewable energy infrastructure, are expected to drive sustained copper demand growth [9][10] - The buildout required to support data centers and EV charging infrastructure represents a multi-decade demand driver for copper [11] Investment Strategies - Investors are advised to consider ETFs like Sprott Copper Miners ETF and Global X Copper Miners ETF for exposure to copper mining [18] - Position sizing should reflect copper's volatility, with recommendations to limit exposure to 5-10% of total portfolio value [16][21] Strategic Outlook - The structural bull case for copper remains intact through 2027, supported by supply constraints and accelerating demand from technological trends [19][20] - The next 3-6 months of Chinese economic data and AI infrastructure investment will be critical for sustaining price levels above $11,000 [20]

🗞️ Need to catch up on the news? Here's our top 10 from today:🔸 Billionaire Ray Dalio says, “I can’t say exactly how effective Bitcoin is as a money, but it’s being perceived by many as an alternative money and so is worth paying attention to.”🔹 VanEck registers for a Lido Staked Ethereum ETF in Delaware, indicating filing may come soon.🔸 Satoshi Nakamoto’s net worth has climbed back above $130 billion, with none of his $BTC ever sold.🔹 Bitcoin has surpassed Amazon in market capitalization.🔸 JPMorgan says B ...

Group 1 - Major banks like JPMorgan, Wells Fargo, and Citigroup are set to report their earnings for the September quarter, with expectations of strong performance despite recent market fluctuations [2] - There is optimism regarding the banks' business prospects, with anticipated acceleration in loan demand and a peak in delinquencies now behind [3] - The capital markets are showing signs of strength, with robust trading activities and a favorable regulatory environment contributing to the positive outlook for these banks [3] Group 2 - For Q3 2025, total S&P 500 index earnings are projected to increase by +5.5% year-over-year, driven by a +6.1% rise in revenues [6] - The "Magnificent 7" group is expected to see a +12.1% increase in earnings and +14.7% higher revenues compared to the same period last year [6] - The Zacks Finance sector is anticipated to experience a +10.1% growth in earnings and +5.8% increase in revenues for Q3 [9] Group 3 - JPMorgan is expected to report earnings of $4.79 per share on revenues of $44.66 billion, reflecting year-over-year growth rates of +9.6% and +4.7% respectively [8] - Positive revisions in earnings estimates for JPMorgan have been noted, with a +2.1% increase over the past month and +6.7% over the past three months [8] - Overall, the favorable revisions trend is crucial for sustaining positive market momentum, contingent on Q3 results and management guidance for Q4 [11][18]

Market Overview & Flows - The bull case for crypto, particularly Bitcoin and Ethereum, is primarily driven by significant inflows observed in the past year, expected to continue [1][2] - ETF flows are identified as the primary catalyst for price movements in both Bitcoin and Ether [2][3] - Digital asset treasuries also contribute to inflows, although their consistency depends on the premium at which their stock is trading above their NAV [2] Correlation & Macroeconomic Factors - Bitcoin's correlation with gold has increased, aligning with its perception as "digital gold" due to its limited supply [3][4] - Equity markets and overall risk appetite remain the primary determinants on the macro side for both Bitcoin and Ethereum [4] Risks & Sentiment - The biggest risk to the bullish forecast for Bitcoin and Ether is a change in sentiment driven by the macroeconomy, particularly a downside in equity risk [5][6] - A downturn in equity markets could reduce inflows and negatively impact prices due to the sentiment-driven nature of Bitcoin and Ethereum [6] Price Targets - The 12-month forecast for Bitcoin is $181,000 and for Ether is $5,400 [5]

Uh the S&P 500 and NASDAQ hitting new highs uh this morning as the government shutdown is in its second day. Our next guest says the deadlock in Washington doesn't change his overall strategy, but he did make some moves uh for Q4, including lowering communication services to a market weight from overweight for the first time since 2023. Joining us now is Scott Croner, US equity strategist at City.Uh Scott, great to have you on here. So big picture, it feels as if I mean the constructive forces remain in pla ...

🤑 BULLISH: Citi forecasts Bitcoin at $133K by year-end and $181K by end of 2026.@willcanny99 reports. https://t.co/WfXDTA8fxc ...

For years, President Trump's money was getting shunned by all the major banks in the US. Now his wealth has found a new home city. Bloomberg sources reveal that President Trump's son Eric established a trust at the bank that holds some of the president's money.For more, we're joined now by Bloomberg banking reporter Todd Gillespie. Todd, first of all, fantastic story, but what exactly is the arrangement that Eric has found with Citibank. Yeah, thanks, Danny.I mean, so what we do know is that since the elect ...

🔥 LATEST: Citi sets a 12-month target of $181K for $BTC and $5,440 for $ETH. https://t.co/zPr6YojbVu ...