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Market Updates: Post-Holiday Catch-Up
Why there was no update yesterday and what's moving today.
Hello, traders! 👋
Yesterday, regular trading activity was limited in observance of Martin Luther King Day in the United States. This coincided with Donald Trump’s second-term inauguration, marking just the second time in history that this has happened on the same day—a rare alignment set to occur again in 2053. With the holiday now behind us, markets are back in action, and here's what’s making headlines:
Netflix and Thrill: A Bingeworthy Earnings Report Incoming
Today is Netflix day! The streaming giant will release its Q4 earnings report, and analysts are predicting some impressive numbers. Here's a preview:
Expected EPS: $4.21
Projected Revenue: $10.1 billion (+15% YoY)
Big Story: The ad-supported subscription tier is expected to be the highlight, as it’s driving revenue growth while easing subscriber pressure.
Netflix’s stock has risen 70% this year, but rising yields have kept the valuation under scrutiny. At 35x estimated 2025 earnings, today’s earnings call could have significant implications for long-term sentiment. Hits like Squid Game Season 2 are bolstering optimism for 2025 growth.
Trump Reignites the Oil Boom: "Drill, Baby, Drill!"
President Trump wasted no time after his second inauguration, declaring a national energy emergency to lower energy costs. His policies aim to expand domestic oil and gas production by:
Rolling back electric vehicle mandates.
Opening more public lands and offshore areas to drilling.
Supporting U.S. energy independence through fossil fuel dominance.
This energy policy pivot could signal major changes in the energy sector, favouring traditional oil and gas players.
Soybeans Spotlighted in Potential China Trade Deal
Trump’s strategy to use tariffs as leverage could bring soybeans back into the spotlight. Analysts expect negotiations with China to focus on securing agricultural trade concessions, similar to the 2018 trade agreements. This approach could bolster Trump’s image as a dealmaker while alleviating some trade tensions.
Bitcoin Surges Past $109,000 on Optimism
Bitcoin hit a record $109,000 yesterday before retreating to $101,822. Speculation of pro-crypto policies under Trump’s second term, including a possible Crypto Advisory Council, spurred the surge. The launch of a Trump-themed meme coin added extra buzz to an already volatile market.
Euro Rallies as Tariff Actions Delayed
The euro climbed 1.3% against the dollar, hitting $1.0401, as news broke that Trump would delay imposing tariffs. This marks one of the strongest rallies for the euro in recent months, driven by optimism over easing trade tensions and shifting global trade dynamics.
Movers & Shakers
Netflix (NFLX): All eyes on Q4 results today. Watch for post-earnings movement.
Bitcoin (BTC): Volatile but still strong amid crypto-friendly sentiment.
Brent Crude: Down 1.2% to $79.82, with markets awaiting clarity on Trump’s energy plans.
EUR/USD: Up 1.3% on trade optimism.
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