The S&P 500 hit its first record close of President Trump’s second term, as a flurry of executive orders looks to shape the new administration’s agenda. Many analysts agree that the incoming administration could create a business landscape that is less regulated and more conducive to mergers & acquisition activity. As we noted last week, banks easily surpassed earnings estimates when they kicked off earnings season, and if such a landscape does materialize, such beats could be the beginning of a banking boom.
On the other hand, there’s Fartcoin, the combination of crypto and meme stocks – known as a “meme coin”. And, in this new administration, there are new meme coins every day. Are you kidding me?
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