Energy Transition | AI | Shifting World Order, Mint Finance

Srinidhi Raghavendra

Energy Transition | AI | Shifting World Order

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Macroeconomics

<ul>
<li>US equities were on a tear last week. Asian equities were buoyant but less muted. </li>
<li>Commodity majors were on a retreat. Gold, Silver, Oil, and Copper retreated on geopolitical conflicts that appears to be contained.</li>
<li>SLOOS reported tighter standards and weaker demand for commercial and industrial  loans to firms of all sizes over the third quarter.</li>
</ul>


US equities were on a tear last week. Asian equities were buoyant but less muted. 
Commodity majors were on a retreat. Gold, Silver, Oil, and Copper retreated on geopolitical conflicts that appears to be contained.
SLOOS reported tighter standards and weaker demand for commercial and industrial  loans to firms of all sizes over the third quarter.


[TW2] The Week That Was in Markets in 11 Charts (W/E 11th Nov 2023)

Global Multi-Asset Investment Strategist, True Insights

Jeroen Blokland

Global Multi-Asset Investment Strategist

Build Well-Diversified Multi-Asset Portfolios

True Insights

Our research helps investors build well-diversified multi-asset portfolios and profit from market developments. In addition, our unique and proven Macro – Sentiment – Valuation (MSV) investment framework ensures a consistent flow of new investment opportunities. Together with our market views, these opportunities will be reflected in our live ETF-based Global Multi-Asset Portfolios.

Cross Asset Strategy

<ul>
<li>Fed Chairman Powell unintentionally re-emerged as a central bank dove. Yet, the poor ISM Manufacturing Index reading paints an entirely different picture, signaling 17%(!) downside.</li>
<li>Apart from the fact that US Small Caps cannot rely on Big Tech Companies to send prices higher, there is another compelling reason why they have been underperforming - debt.</li>
<li>Earnings season: Negative price reactions meet mixed surprises. This is especially true in the US, where valuation looks demanding. Interestingly, price-earnings action in China may signal a bottom is in.</li>
</ul>


Fed Chairman Powell unintentionally re-emerged as a central bank dove. Yet, the poor ISM Manufacturing Index reading paints an entirely different picture, signaling 17%(!) downside.
Apart from the fact that US Small Caps cannot rely on Big Tech Companies to send prices higher, there is another compelling reason why they have been underperforming - debt.
Earnings season: Negative price reactions meet mixed surprises. This is especially true in the US, where valuation looks demanding. Interestingly, price-earnings action in China may signal a bottom is in.


The Weekly Market Monitor – Did Powell Kill the Bear?

<ul>
<li>From a risk diversification perspective, a spot Bitcoin ETF investing in Bitcoin outside the current system is more appealing than a derivatives Bitcoin ETF.</li>
<li>Using assets under management data of multi-asset, real assets, and gold ETFs, we estimate the potential AUM of spot Bitcoin ETFs somewhere between USD 50-150 billion.</li>
<li>Assuming that the share of equity and bond ETFs of total assets investments is representative of spot Bitcoin ETFs, you are looking at a Bitcoin price between USD 41,000-113,000.</li>
</ul>


From a risk diversification perspective, a spot Bitcoin ETF investing in Bitcoin outside the current system is more appealing than a derivatives Bitcoin ETF.
Using assets under management data of multi-asset, real assets, and gold ETFs, we estimate the potential AUM of spot Bitcoin ETFs somewhere between USD 50-150 billion.
Assuming that the share of equity and bond ETFs of total assets investments is representative of spot Bitcoin ETFs, you are looking at a Bitcoin price between USD 41,000-113,000.


Spot Bitcoin ETF - A Reasonable Approach to Impact

Pranay Yadav

<ul>
<li>Bitcoin price has increased 20% over the past week anticipating the imminent approval  of a spot Bitcoin ETF. </li>
<li>Bitcoin has outperformed other digital assets over the past year. Dominance has reached a two-year high. </li>
<li>BTC-ETH ratio is expected to continue rising after a near-term pullback due to ETF approval and relative safety providing strong tailwinds to BTC. </li>
</ul>


Bitcoin price has increased 20% over the past week anticipating the imminent approval  of a spot Bitcoin ETF. 
Bitcoin has outperformed other digital assets over the past year. Dominance has reached a two-year high. 
BTC-ETH ratio is expected to continue rising after a near-term pullback due to ETF approval and relative safety providing strong tailwinds to BTC. 


BTC Bull Run Preempts Other Digital Assets

<ul>
<li>This week, the approval of a spot Bitcoin ETF took another leap forward. And a poll among investors reveals that this will be a game-changer. </li>
<li>Equities tumbled again, and earnings are to blame. Google is down hard as the ‘Magnificent 7’ delivered mixed earnings, nowhere near good enough, given they are priced for perfection! </li>
<li>And that’s not all. The spike in real yields suggests a whopping decline of 25%(!) of the P/E ratio of the S&amp;P 500 Index.</li>
</ul>


This week, the approval of a spot Bitcoin ETF took another leap forward. And a poll among investors reveals that this will be a game-changer. 
Equities tumbled again, and earnings are to blame. Google is down hard as the ‘Magnificent 7’ delivered mixed earnings, nowhere near good enough, given they are priced for perfection! 
And that’s not all. The spike in real yields suggests a whopping decline of 25%(!) of the P/E ratio of the S&amp;P 500 Index.


The Weekly Market Monitor – Reality Check!

United States

Virtual currencies are decentralized, math-based digital assets in which transactions can be performed cryptographically without the need for a central issuing authority. The first specification and proof of concept of Bitcoin, the first widely used virtual currency, was published in 2009 based on a paper published pseudonymously by Satoshi Nakamoto.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Bitcoin (XBTUSD CURNCY)

[TW2] The Week That Was in Markets in 11 Charts (W/E 11th Nov 2023)

Each Monday, we take stock of key news in markets across major economies & firms. US equity markets rallied strongly while commodity majors...

Mint Finance

The Weekly Market Monitor – Did Powell Kill the Bear?

Start your week in financial markets with last week’s biggest stories! The Weekly Market Monitor will take you through the biggest charts and events.

Jeroen Blokland

Spot Bitcoin ETF - A Reasonable Approach to Impact

The inevitable arrival of spot Bitcoin ETFs drives Bitcoin's price these days. In this post, Jeroen explores investor interest, potential AUM...

Jeroen Blokland

BTC Bull Run Preempts Other Digital Assets

Bitcoin price surges 20% anticipating approval of spot Bitcoin ETF. It has outperformed other digital assets. BTC-ETH ratio expected to rise...

Mint Finance

The Weekly Market Monitor – Reality Check!

When something is 'priced for perfection,' disappointment is inevitable. Just ask Google. By the way, a spot Bitcoin ETF is inevitable, too. This...

Jeroen Blokland

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

[TW2] The Week That Was in Markets in 11 Charts (W/E 11th Nov 2023)

Each Monday, we take stock of key news in markets across major economies & firms. US equity markets rallied strongly while commodity majors...

Mint Finance

The Weekly Market Monitor – Did Powell Kill the Bear?

Start your week in financial markets with last week’s biggest stories! The Weekly Market Monitor will take you through the biggest charts and events.

Jeroen Blokland

Spot Bitcoin ETF - A Reasonable Approach to Impact

The inevitable arrival of spot Bitcoin ETFs drives Bitcoin's price these days. In this post, Jeroen explores investor interest, potential AUM...

Jeroen Blokland

BTC Bull Run Preempts Other Digital Assets

​Bitcoin price surges 20% anticipating approval of spot Bitcoin ETF. It has outperformed other digital assets. BTC-ETH ratio expected to rise...

Mint Finance

The Weekly Market Monitor – Reality Check!

When something is 'priced for perfection,' disappointment is inevitable. Just ask Google. By the way, a spot Bitcoin ETF is inevitable, too. This...

Jeroen Blokland

Bitcoin price surges 20% anticipating approval of spot Bitcoin ETF. It has outperformed other digital assets. BTC-ETH ratio expected to rise...