Streetbeat News

Macroeconomic

ATAI

Atai Life Sciences, a Nasdaq-listed biotech company, is investing $5 million in Bitcoin as part of a treasury diversification strategy. The move aims to hedge against inflation and provide financial flexibility during uncertain market conditions. The company will maintain the majority of its reserves in traditional assets while gaining exposure to Bitcoin's potential growth.

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March 21, 2025 | 2:30 pm

COIN

XRPUSD

Bitcoin, Ethereum, and XRP are showing bearish technical patterns ahead of the quarterly triple-witching event, which could trigger significant price volatility. The event coincides with ongoing economic uncertainties, including Fed interest rate decisions and concerns about tariffs.

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March 21, 2025 | 2:30 pm

BTCUSD

Macro investor Raoul Pal believes Bitcoin is in a normal consolidation phase and is set for significant price appreciation. He points to his global M2 liquidity model and historical patterns suggesting Bitcoin could reclaim previous highs within months, with potential long-term price targets ranging from $210,000 to $800,000 by 2025.

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March 21, 2025 | 2:30 pm

AAAU

Gold hit a new all-time intraday high of $3,057.95 per ounce, driven by geopolitical tensions and economic uncertainty. Metals Focus research suggests gold prices could remain elevated throughout 2025, with potential support from Federal Reserve policies and official sector purchases. However, the market's momentum is starting to wane, and investment attractiveness might decrease in the latter part of the year.

Portfolio Pulse from

March 21, 2025 | 2:30 pm

SPY

Chicago Fed President Austan Goolsbee suggests that interest rates could be lower in 12-18 months if meaningful progress is made on controlling inflation. During a CNBC 'Squawk Box' interview, Goolsbee discussed the Federal Reserve's ongoing efforts to combat inflation and potential future monetary policy adjustments.

Portfolio Pulse from

March 21, 2025 | 2:00 pm

SCHW

Investors are experiencing heightened market uncertainty due to complex policy dynamics and potential interest rate shifts. Analyst George Tsilis highlights a significant 'policy imbalance' that is creating confusion about future market movements, particularly around Federal Reserve interest rate expectations.

Portfolio Pulse from

March 21, 2025 | 1:45 pm

SPY

Chicago Fed President Austan Goolsbee and New York Fed President John Williams highlighted significant economic uncertainty, with potential rate cuts dependent on inflation progress. While both expect potential rate reductions in 12-18 months, they emphasized the need to monitor economic indicators, tariff impacts, and potential stagflationary risks.

Portfolio Pulse from

March 21, 2025 | 1:45 pm

SPY

Chicago Fed President Austan Goolsbee discussed the potential economic implications of tariffs, suggesting that one-time tariffs without retaliation are more likely to be transitory. During an appearance on CNBC's 'Squawk Box', Goolsbee shared insights on the Fed's ongoing inflation fight, economic state, and policy considerations.

Portfolio Pulse from

March 21, 2025 | 1:45 pm

N/A

The article suggests that the current market environment shows increasing signs of a potential recession. Indicators include recent Federal Reserve meeting commentary, declining long-term yields, and a market shift where growth stocks are underperforming value stocks. This economic backdrop may lead to dividend reductions for at least one Business Development Company (BDC) and one Real Estate Investment Trust (REIT) in 2025.

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March 21, 2025 | 1:30 pm

FDX

FedEx reported Q3 earnings per share of $4.51, missing analyst estimates of $4.63. The company significantly reduced its full-year earnings outlook, citing continued weakness in the US industrial economy. Revenue was $21.88 billion, slightly below consensus. Management remains confident in their cost reduction initiatives but acknowledged demand constraints for business-to-business services.

Portfolio Pulse from

March 21, 2025 | 1:30 pm