Weekly Market outlook 1/20/2025
President launched a memecoin
Hello traders,
We had an unbelievable weekend in the financial markets with President-Elect Donald Trump launching a memecoin.
This was notified to the subscribers after doing due diligence if Trump’s account was hacked or the president elect actually launched a memecoin.
The coin has gone up 1500% or so since the mention.
The less I say about why a President needs a memecoin the better it is, but thank you for the free Solana Donny.
UPDATE: Melania Trump also launched her memecoin (send the asteroids already)
Just a quick recap of last week’s tradfi market trades.
Thursday was a crazy day with about 40 trades taken .
Friday was a tough tape day but we still managed to eke out decent points.
This week the equity markets are closed on Monday with futures closing half day at 12 PM CST.
Moving on,
The spooz did the election gap-fill last week and then did a massive recovery on the back of cooler inflation data.
We also have a BOJ rate decision on Thursday and this time around the BOJ said they will be in contact with the US for data dependencies on the hikes as they would not want a repeat of Aug 5th 2024.
We also will kick off tech earnings this week with NFLX 0.00%↑ and also will have credit card processors Amex and Discover reporting this week. I would be looking closely at the latter two earnings in order to gauge the health of the economy.
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