The report concludes that investor positioning “suggests that markets view recent rebounds as stabilisation rather than a return to expansionary conditions.”Meanwhile, geopolitical uncertainty contributes to volatility, especially the US-driven escalations. Tariff threats resulted in a brief risk-off response across equities, with volatility jumping, but “the rapid pullback in policy rhetoric restored near-term stability.”Moreover, if ETF demand remains low, Bitcoin will likely stay range-bound. Consolidati ...

Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories.Stocks wrapped a turbulent week with mixed performance as easing geopolitical tensions helped spark a relief rally, but market caution lingered into Friday's session. Major U.S. indexes climbed on Thursday after President Donald Trump backed away from threatened tariffs on European allies tied to a controversial Greenland strategy, with the S&P 500, Dow Jones Industrial Average a ...

GameStop, the world’s largest video game retailer, is seeing huge losses on its Bitcoin holdings as the leading asset struggles below $90,000. In May 2025, GameStop accumulated 4,710 BTC for roughly $504 million, with an average price of $107,900, according to the on-chain analysis platform CryptoQuant.   The popular video game retailer recently deposited its BTC holdings into Coinbase Prime, an institutional-grade brokerage platform. CryptoQuant wrote that selling the assets now would cost $76 million ...

Core Viewpoint - Sprott Junior Gold Miners ETF (SGDJ) provides exposure to smaller and mid-tier gold miners, focusing on companies with potential for reserve expansion, operational scaling, and capital discipline during the development cycle [1] Group 1: Investment Strategy - The strategy employs a rules-based framework favoring companies that show production and revenue growth potential, balancing discovery-driven upside with execution risks associated with earlier-stage mining [1] - Junior miners exhibit greater sensitivity to bullion price trends, financing conditions, and permitting timelines, leading to higher dispersion across holdings and increased cyclicality compared to senior producers [1] Group 2: Market Conditions - The fund is expected to perform well during gold price upswings and when investors seek scarcity assets or diversification amid macroeconomic uncertainty [1] - Performance may be challenged when real yields rise, risk appetite diminishes, or project costs escalate [1] Group 3: Portfolio Role - SGDJ can serve as a tactical precious-metals satellite, a diversifier within real-asset allocations, or a return-seeking complement to bullion-linked investments [1] - It is suitable for multi-asset teams looking for higher-beta gold equity exposure and thematic allocators focused on exploration-led growth [1] Group 4: Risks - A significant risk to monitor includes project development and permitting execution, where delays or cost overruns can substantially impact individual positions and overall factor outcomes [1]

Core Insights - Silver has unexpectedly emerged as a significant market story in 2026, with the iShares Silver Trust (SLV) showing year-to-date gains of approximately 16%–17%, outperforming traditional hedges [1] - In contrast, broader tech indices like Invesco QQQ Trust (QQQ) and SPDR S&P 500 ETF (SPY) have shown minimal positive returns, while gold's SPDR Gold Shares (GLD) has only seen single-digit gains [2] Market Dynamics - Silver was previously overlooked in favor of sectors like AI and semiconductors, but has recently experienced a breakout as prices surpassed multi-year ceilings, driven by increased industrial demand [3] - The supply of silver has not kept pace with rising demand, as most silver is produced as a by-product of other mining operations, leading to a structural deficit due to tight inventories and broadening demand across various industries [4] Broader Implications - Silver's role in renewable technology contributes to the Net Zero narrative, but the current rally is also influenced by macroeconomic factors such as easing rate expectations, geopolitical tensions, and a shift towards hard assets [5] - If the current momentum continues, silver may surprise markets further as both an industrial bellwether and a safe haven asset, although high volatility and rigid supply could lead to potential reversions [6] Investment Perspective - Silver is transitioning from a niche hedge to a strategic and tactical asset, with SLV's performance outpacing that of GLD, QQQ, and SPY, indicating that ignoring this shift could result in missing a standout investment opportunity [7]

Macro uncertainty sits at the center of Galaxy’s 2026 forecasting problem. The Federal Reserve signals potential rate cuts—the market expects 2-3 cuts bringing rates from 4.5% toward 3.5-4%—yet inflation hovering near 3% limits flexibility. The Fed's 2% target remains out of reach, creating tension between easing policy and controlling prices.Galaxy sees three factors making Bitcoin 2026 unpredictable: Fed rate cuts colliding with stubborn inflation, policy execution risk with midterms approaching, and Bitc ...

Core Insights - The current behavior in global financial markets is characterized as a classic late-cycle phenomenon, rather than an indication of an imminent recession [1] - Bitcoin is currently trading around $91,750, showing attempts at recovery after a dip below $90,000, influenced by liquidity conditions and ETF outflows [2] - The recent asset corrections are attributed to tightening liquidity, changing policy expectations, and declining risk appetite, following excessive gains [3] Market Dynamics - The likelihood of a quarter-point rate cut has decreased significantly from over 60% to 32.8% within a week, indicating a shift in investor sentiment [4] - Duration-sensitive assets like Bitcoin have been adversely affected, while equities are showing resilience due to strong corporate earnings, particularly in AI sectors [5] - The current market environment is described as late-mid to early-late stage, with rising vulnerabilities and sensitivity to macroeconomic shocks, but without clear recession indicators [6] Bitcoin Outlook - Analysts suggest that Bitcoin is in a bottoming process, but a rapid recovery is not expected; instead, a weak rebound followed by a range-bound bottom formation is more likely [7] - The stabilization of macro liquidity is essential for a true trend reversal in Bitcoin's price trajectory [7]

OppFi (NYSE:OPFI) FY Conference Summary Company Overview - **Industry**: Specialty finance and fintech - **Company**: OppFi, a tech-enabled digital finance platform providing small-dollar, short-term, unsecured installment loans to underserved U.S. consumers through the OppLoans platform [1][2] - **Founded**: 2012 by Todd Schwartz, went public in July 2021 via SPAC [2][4] Core Business Model - **Loan Characteristics**: Transparent, fully amortizing, simple interest loans with no origination fees, prepayment penalties, late fees, or NSF fees [4] - **Operational Efficiency**: Approximately 76% of loans are processed without human intervention [4] Financial Performance - **Recent Performance**: Record originations, revenue, adjusted net income, and ending receivables reported [25] - **Profitability**: Despite challenges in 2022, the company has turned around with solid fundamentals and a strong management team [5] Market Conditions and Consumer Behavior - **Macro Environment**: General unease among consumers due to inflation and economic conditions, but no significant employment issues reported [9][10] - **Demand Trends**: Increased demand for loans as more consumers, including near-prime customers, seek financial assistance [10] Competitive Landscape - **Competitors**: Propel Holdings, Enova, OneMain, and Regional Management are noted competitors, with no significant shifts in market dynamics observed [11] - **Market Position**: OppFi operates in a unique space with a focus on higher APR loans, differentiating itself from competitors like OneMain [11] New Initiatives - **Lola Platform**: A new in-house loan management system aimed at enhancing customer experience and operational efficiency, expected to launch in early 2026 [12][13][14] - **Biddy Investment**: Acquired a 35% stake in Biddy, a revenue-based financing company for small businesses, with plans for further investment [19][20] Funding and Capital Allocation - **Funding Structure**: Two warehouse facilities totaling $400 million, with improved pricing and solid relationships with bank partners [31][32] - **Capital Allocation**: Focus on M&A opportunities, particularly in the small business and earned wage access sectors, while maintaining cash generation capabilities [37][38] Marketing Strategy - **Marketing Channels**: Utilizes lead providers, SEO, referrals, and plans to relaunch direct mail in 2025 after a suspension due to high costs [52][53] - **New Initiatives**: Exploring connected TV advertising to reach target customers effectively [54] Operational Scalability - **Efficiency Gains**: Offshoring customer service has improved operational efficiency without increasing headcount [56][58] Investor Insights - **Market Perception**: OppFi is not a subprime lender; the resilience of its consumer base and cash generation capabilities are often underestimated [59] - **Valuation Considerations**: The company's cash reserves and potential for profitable deployment are not fully reflected in its market valuation [59] Conclusion - OppFi is positioned for growth with a strong management team, innovative platforms, and a focus on underserved markets, while navigating macroeconomic challenges and competitive pressures effectively [60][61]

Core Insights - The third-quarter earnings season is concluding, with significant attention on Nvidia and mixed results from major home improvement retailers Home Depot and Lowe's amid softer demand [1][2]. Home Improvement Sector - Home Depot reported fiscal third-quarter results that fell short of analyst expectations, with adjusted earnings per share at $3.74, missing the expected $3.81 by 1.84% and declining from $3.78 in the prior year [4][3]. - Home Depot's sales reached $41.4 billion, a 2.8% year-over-year increase, surpassing the Zacks Consensus Estimate by 0.88%, with approximately $900 million from a recent acquisition [5]. - Comparable sales growth for Home Depot was only 0.2%, significantly below the projected 2.1%, with customer transactions down 1.4% from the previous quarter [6]. - The company lowered its full-year 2025 adjusted earnings forecast due to ongoing consumer uncertainty and weaker housing turnover, leading to a 7% drop in its stock value [7]. Lowe's Performance - Lowe's reported fiscal third-quarter results that exceeded profitability expectations, with total sales of $20.8 billion, up 3.2% year-over-year, aligning closely with estimates [9]. - Adjusted earnings per share for Lowe's reached $3.06, surpassing the anticipated $2.97 by 3% and reflecting a 5.9% increase from the prior year [10]. - Comparable sales for Lowe's rose 0.4% for the second consecutive quarter, supported by an 11.4% increase in online sales and strength in professional categories [10]. - Lowe's stock increased by over 5% in early trading, indicating a better positioning for gradual recovery compared to competitors [11]. Retail Sector Challenges - Target reported a 1.5% year-over-year sales decline to $25.3 billion, missing estimates, with comparable sales down 2.7% [13]. - Target's earnings of $1.78 per share were slightly above estimates, but the bottom line declined 3.8% from the previous year, reflecting cautious consumer spending [14]. - Walmart is set to report its fiscal third-quarter earnings, with projections of a 5.2% increase in earnings per share to $0.61 and revenue expected to reach $177.14 billion, up 4.5% year-over-year [16].

Core Insights - BlackRock's iShares Bitcoin Trust (IBIT) experienced its largest single-day outflow of $523 million, indicating a significant decline in investor sentiment within the crypto market [1][9] - The outflow represents the fifth consecutive day of redemptions for IBIT, with over $3 billion withdrawn from US spot Bitcoin ETFs this month, nearly $2 billion of which was from IBIT alone [3][5] Market Performance - Bitcoin has dropped nearly 30% from its all-time high in October, reaching its lowest level since April, following a liquidation event that erased approximately $19 billion in leveraged positions [4] - The decline in Bitcoin's price has pushed investors in the 12 US spot Bitcoin ETFs into the red, further accelerating outflows from these funds [4] Institutional Sentiment - The recent wave of redemptions has raised concerns about a cooling institutional appetite amid growing macroeconomic uncertainty [6] - Market liquidity has tightened due to ETF outflows and long-term holder sales, contributing to lower short-term Bitcoin prices and highlighting a decrease in market confidence [6] Trader Behavior - Options traders are adopting defensive positions, with an increasing number buying protection against Bitcoin falling to $80,000 by late December, reflecting concerns about the US job market and potential interest rate changes [7] - The bearish sentiment is primarily driven by ETF outflows, reduced liquidity, and a temporary halt in institutional allocations, suggesting that investors are awaiting clearer macroeconomic signals [8]