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Bulls vs Bears EP47:Bitcoin surged past $100,000 for the first time

Bitcoin Milestone

  • Bitcoin surpassed $100,000, reaching $103,649, driven by optimism over U.S. President-elect Donald Trump’s pro-crypto policies.

Australian Market

  • Northern Star (NST): Announced a $5 billion acquisition of De Grey Mining.
  • Collins Foods Group (CKF): Reported profit pressures and cut its dividend.
  • Pro Medicus (PME): Experienced a $513 million block trade of shares.
  • HMC Capital (HMC): Acquired $950 million in renewable assets from Neoen.

U.S. Market

  • UnitedHealth (UNH): CEO Brian Thompson was killed in a targeted shooting.
  • Airline Stocks: Showed strength, with American Airlines and Southwest Airlines raising guidance.
  • GameStop (GME): Shares surged following a cryptic social media post by Keith Gill.

Global Economic Updates

  • Argentina: Central bank cut its benchmark interest rate to 32%.
  • South Korea: Faces political turmoil as President Yoon Suk Yeol declares martial law.
  • U.S. Non-Farm Payrolls: Report showed a modest job increase of 12,000.

Commodity and Currency Markets

  • Metals: Gold, silver, copper, and iron ore showed steady performance.
  • Crude Oil: Tested $70 before retreating.

Trade of the Week

  • Telix Pharmaceuticals (TLX): Expects to double sales in four years, driven by new cancer treatments and global expansion.
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