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SPY

The Federal Reserve released its Beige Book for January 2024, providing insights into the current economic conditions across its 12 districts. The report is a compilation of anecdotal evidence on economic conditions and is used by the Federal Open Market Committee (FOMC) to make decisions on monetary policy. The Beige Book is an important indicator for investors as it can influence market expectations regarding interest rates and the overall economic outlook.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 7:01 pm

TDG

TransDigm Group Incorporated (NYSE:TDG) has seen a decrease in short interest, with the current level at 1.07 million shares or 2.66% of the float. This represents a 7.64% decline since the last report and would take approximately 7.72 days of trading to cover. Short interest is a measure of market sentiment, and a decrease may indicate a more bullish outlook among investors. TransDigm's short interest is slightly below its peer group average of 2.89%.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 7:00 pm

TONUSD

Toncoin (CRYPTO: TON) has seen a price decrease of 5.17% in the last 24 hours, now at $2.3, despite a weekly uptrend of 4.0%. The trading volume has decreased by 2.0% over the past week, with the circulating supply slightly down by 0.03% to 3.46 billion. Toncoin's market cap is currently ranked #15, valued at $7.95 billion.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 7:00 pm

TJX

TJX Companies (NYSE:TJX) has seen a 3.3% rise in short interest since the last report, with 10.75 million shares sold short, representing 0.94% of available shares. It would take 2.56 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, TJX's short interest is below its peer group average of 15.08%. This could be interpreted as less bearish sentiment compared to its peers or potentially bullish if short sellers are forced to cover.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 6:30 pm

GRFS

VGK

The European Central Bank (ECB) has requested certain banks to provide details regarding their exposure to Spain's Grifols and related assets, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 6:20 pm

ETHUSD

On Tuesday, 6,928.94 Ether (ETH) valued at $17.5 million was burned due to EIP-1159, which introduced a fee model where a base fee per transaction is permanently removed from circulation. This process contributes to Ethereum's deflationary mechanism, especially with the upcoming Ethereum 2.0 upgrade that is expected to reduce the issuance rate of new Ether significantly.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 6:00 pm

ARKB

FBTC

GBTC

IBIT

The Bitcoin ETF market saw significant shifts with Grayscale Bitcoin Trust (GBTC) experiencing a net outflow of $590 million, while BlackRock's iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Trust (FBTC) saw net inflows of $214 million and $103 million, respectively. ARK Bitcoin ETF (ARKB) also enjoyed an inflow of $123 million. These movements indicate a redistribution of interest within the cryptocurrency investment sector, with investors showing confidence in products from established financial institutions.

Portfolio Pulse from Murtuza Merchant

January 17, 2024 | 5:46 pm

BAC

COIN

DFS

PYPL

RILY

TFC

USB

Today's whale activity in the financials sector shows significant options trading, with a mix of bearish, bullish, and neutral sentiments across various US-listed companies. Notable trades include bearish call option sweeps for PYPL and SQ, bearish put sweeps for BAC and DFS, bullish call trades for TFC and COIN, a bullish put trade for MQ, and neutral call trades for C and USB. RILY also saw a bearish call trade. The trades involve different expiration dates, strike prices, and volumes, indicating diverse expectations from the market participants.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 5:35 pm

BKCH

BLK

DAPP

STT

VNQ

The ETF market experienced net outflows of $1.103 billion in the first two weeks of 2024, reversing the inflow trend of 2023. The Vanguard Real Estate ETF (VNQ) is down 3% in January amid sector-wide outflows, particularly in real estate. Rising geopolitical tensions and Federal Reserve rate cut expectations have impacted market sentiment. In contrast, 2023 saw strong inflows, with BlackRock's iShares, Vanguard, and State Street's SPDR leading in AUM. Crypto-related ETFs, specifically VanEck Digital Transformation ETF (DAPP) and Global X Blockchain ETF (BKCH), performed well in 2023 but are down in early 2024.

Portfolio Pulse from Neil Dennis

January 17, 2024 | 5:29 pm

AMZN

BRK.A

LVMHF

ORCL

TSLA

A report by Oxfam highlights the growing wealth inequality, with the top five richest people, including CEOs of Tesla, LVMH, Amazon, Oracle, and Berkshire Hathaway, increasing their wealth by 114% over the past three years. The wealth of the world's richest 10 people grew three times faster than inflation, while the poorest 60% saw a 0.2% decrease. The report suggests policy changes like wealth taxes and living wages to address the disparity.

Portfolio Pulse from Chris Katje

January 17, 2024 | 5:11 pm