MARKETS DAILY: Crypto Update | The Geopolitical Perspective With NewEdge Wealth's Ben Emons
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 25 January 2024
⏱️ 11 minutes
🧾️ Download transcript
Summary
The latest price moves and insights with Jennifer Sanasie and guest Ben Emons, senior portfolio strategist at NewEdge Wealth.
To get the show every day, follow the podcast here.
Today's "Markets Daily" begins with a minute of markets updates followed by an more macro-focused interview with host Jennifer Sanasie and Ben Emons, senior portfolio strategist at NewEdge Wealth on his outlook for the U.S. economy during this election year.
This episode was hosted by Jennifer Sanasie. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl, alongside Senior Booking Producer Melissa Montañez. All original music by Doc Blust and Colin Mealey.
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Transcript
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| 0:00.0 | It's Thursday, January 25th, 2024, and this is Markets Daily from Coindesk. |
| 0:11.0 | I'm your host, Jen Snessy. |
| 0:12.4 | Let's get right into the show. |
| 0:19.4 | First, I'll be passing it off to our producer Eleanor Paul to read out today's markets |
| 0:23.9 | updates. |
| 0:25.1 | According to Coin Desk indices at 8 a.m. Eastern Time, Bitcoin was trading down slightly, dropping |
| 0:32.5 | below the 40K mark to $39,867. Ether fell over 1% sitting at $2,210. Notably, the Coin Desk Indices |
| 0:43.0 | Ether trend indicator dropped from Uptrend to neutral yesterday for the first time since October 24th. |
| 0:50.5 | According to Amber Data, options tied to ether show bias for price weakness over the next three |
| 0:56.1 | months. |
| 0:57.1 | Today's mover in the Coin-desk market index is Slawcoin, ticker SC, down 30% on the day. |
| 1:04.6 | And in traditional markets, the NASDAQ was up 0.3% yesterday, while the S&P 500 rose slightly, notching a fourth straight day, closing |
| 1:13.2 | at a record high. Lastly, in commodities, the Brent crude oil benchmark rose, trading at $80.65 |
| 1:20.3 | a barrel. Data shows U.S. crude stockpiles fell more than expected yesterday to a five-month low, |
| 1:26.8 | as winter weather disrupted refinery operations. |
| 1:30.5 | Meanwhile, gold was trading at $2,015 an ounce. Now, back to Jen. For more on the market's action, |
| 1:39.0 | let's bring in senior portfolio manager at New Edge wealth, Ben Emmons. Welcome to the show, Ben. Hi, Jen. It's great to be back. |
| 1:46.8 | Thank you for having us. All right. We're sitting here in January this month. How are you thinking |
| 1:52.3 | about allocating a portfolio? Yeah, it looks to be in a certain year. And I think that's what this |
| 1:58.3 | month is showing. You know, we have good economic |
| 2:00.9 | data and bad economic data, and that's sort of reflected in the markets. I think above that, |
| 2:06.6 | you have also the uncertainties that are developing in the Middle East and are developing here |
... |
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