New York, United States, April 29, 2025 -- On April 24, 2025, Dubai became the epicenter of the global digital economy as it hosted the 2025 Global Digital Economy Development Conference & AI + Web3 International Finance Summit. As a pioneering force in AI and Web3, Golden Link proudly participated in this grand event, standing out as a key contributor to industry dialogue and driving momentum for both its own growth and the advancement of the sector.
Biopharma stocks rally along with many of our SMID cap trades. The market situation with pharmaceuticals is even more complicated because we started off with legislation (the IRA) trying to curb rising drug and healthcare costs.
While retail investors were pulling money out of Bitcoin ETFs earlier this month, sovereign wealth funds, hedge funds and public companies were aggressively loading up on bitcoin on the open market.
Record outflows from sustainable investment vehicles reflect growing skepticism and potential long-term opportunities, as investors recalibrate ESG strategies.
According to a CNBC report citing CFRA Research data, the S&P 500 declined 7.9% from Trump's inauguration on Jan. 20 to the close of the session on April 25.
Investors ditched worries, boosting ETFs like VanEck SMH (+13%) on chip stock rally, Virtus BBC (+7%) on biotech hope, Simplify TESL (+31%) on Musk's focus, Invesco SPHB (+11.5%) on risk appetite, iShares IBIT (+9.2%) on crypto optimism. Market sentiment received boost from easing US-China trade tensions and news of no Fed Chair firing. S&P 500 recovered 80% of its post-April 2 sell-off, but warning signs remain with slowing private sector growth, declining consumer sentiment, and rising inflation expectations. ServiceNow (+20%) and Northrop Grumman (-15%) had divergent earnings, while Tesla (+31%) surged on Musk's promise to focus on making EVs. This week's action will be crucial.
The ECB official expects inflation to hover around the central bank’s target but cautioned that global trade disruptions are adding uncertainty to the outlook.
In a turbulent year for financial markets, US equities and real estate investment trusts are still bearing the brunt of the selling so far in 2025, based on a set of ETFs.
Bessent also pointed toward the strengthening of the Euro against the dollar since the tariff wars commenced and said that European countries are likely to be in panic given the strengthening of their currency.
