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JPMorgan: Hedge Fund Caution Could Trigger Year-End Stock Market Rally

2 hours ago

On November 13th, JPMorgan Chase announced that the stock market might rebound by the end of the year. This is because hedge funds reduced their stock exposure to the lowest level in more than a year in October. Analyst Nikolaos Panigirtzoglou noted that this cautious attitude has created upside potential for the improvement of market sentiment. Retail investors continue to be a crucial market force. Although their surging trading activity during the pandemic has become stable, it still has an impact on the overall market fund flows.
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xAI Raises $1.5 Billion in Series E Funding

On November 13th, as per CNBC citing sources, xAI secured $1.5 billion in its Series E funding round. (Golden Ten)

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Hashett: Not Many Reasons to Keep Rates Unchanged

November 13th: Andrew Hasset, who is the Director of the White House National Economic Council, expressed that he anticipates the GDP to experience a 1.5% decline in the fourth quarter on account of the government shutdown. There aren't numerous reasons to not expect a rate cut. (Xinhua News Agency)

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On November 13th, the first physically-backed XRP ETF in the United States, namely the Canary XRP ETF, officially started trading.

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Bitcoin Drops Below $102,000

On November 13th, based on HTX market data, Bitcoin fell below $102,000, experiencing a 24-hour decline of 2.6%.

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US Stock Market Open, NASDAQ Down 0.67%

On November 13th, at the opening of the US stock market, the Dow dropped by 0.28%, the S&P 500 Index decreased by 0.44%, and the Nasdaq fell by 0.67% (FX168).

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Hashrate: Will Release Jobs Report but Will Not Disclose Unemployment Rate

On November 13th, Hassett, the Director of the White House National Economic Council, stated that an employment report would be issued, yet the unemployment rate would not be made public. (Financial Times)

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