Biden’s Record-Breaking Clemency Day and Market Insights

 

Good morning and welcome to the Impact Money Show. We’re glad you’re here with us every morning on the Smart Money Culture TV Network, broadcasting in Texas and Louisiana, as well as streaming worldwide on various platforms. Today, we’ll dive into the financial and political stories shaping our world.

 

Biden’s Clemency Overhaul

 

On December 1st, in what’s being called a record-breaking clemency day, President Joe Biden issued a full and unconditional pardon to his son, Hunter Biden, covering any potential federal crimes over an eleven-year span. This move, framed as correcting a miscarriage of justice due to political motivations, wasn’t just about family. Biden also commuted roughly 1,500 sentences and pardoned 39 others, making this the largest single-day act of clemency in his term. The timing and implications of these actions, especially as Biden’s term winds down, are hotly debated.

 

Financial Markets Surge

 

Switching to financial news, the NASDAQ recently hit a historic 20,000 points, driven by tech giants like Alphabet, Tesla, Amazon, and Meta. Elon Musk’s humorous posts on X about the milestone have added to the buzz. However, Musk’s past antics, like smoking marijuana on Joe Rogan’s show, remind us of the volatility in tech stocks. The surge is amidst expectations of a Federal Reserve rate cut, fueling bullish market sentiment.

 

Global Financial Updates

 

• UK’s Spending Review: Chancellor Rachel Reeves has initiated a detailed spending review, aiming for government efficiency.
• Corporate Moves: Gen Digital’s acquisition of Money Loan for $1 billion signals a bold step into the fintech space.
• Currency Markets: The US dollar, slightly down today, remains strong, reflecting anticipation of Trump’s incoming presidency, which many see as a safe haven despite ongoing money printing.

 

Cryptocurrency Boom

 

Bitcoin has surpassed the $100,000 mark, currently trading around $100,250. My personal short position around $101,500 might be risky in a bull market, but trading involves both ups and downs. For those interested in managing these volatile markets, consider using the TwoBit platform with the referral code IMPACTSMONEY. Here, you can set up copy trading to follow our trades and potentially profit from market movements.

 

Political and Economic Forecasts

 

• Trump’s Agenda: The incoming President-elect Donald Trump plans over 25 executive orders in one day, targeting immigration and environmental policies. His move to potentially end birthright citizenship would require a constitutional amendment but underscores his policy direction.
• Legal Challenges: Despite his presidency, Trump faces ongoing legal battles in New York, with discussions about potential pardons for January 6th participants.
• Global Impact: In international news, Assad’s regime has collapsed in Syria, with control shifting to various rebel groups, while Israel asserts control over Golan Heights. The situation in Gaza remains dire with high civilian casualties, and Lebanon sees a fragile ceasefire with Israel.

 

Detailed Market Analysis by Matt Dixon

 

• JASMY online. A favorite with a strong community, Jasmy has seen significant gains, particularly after the Trump election. However, current technical analysis suggests potential for a further dip before another rise.
• Inflation and Fed’s Moves: Despite rising inflation, there’s a 98% chance of a rate cut by the Fed, which seems counterintuitive unless they anticipate deflationary pressures or prioritize employment over inflation control.
• Bitcoin and Other Cryptos: Bitcoin’s correction might not be complete, with potential dips to $90,000 before new highs. Ethereum and Solana also show signs of further correction before upward movements.

 

TwoBit Exchange: Your Trading Platform

 

The TwoBit Exchange, as highlighted in our commercial, offers great liquidity and a futures platform. It’s simple to use, especially with its copy trading feature, allowing you to replicate our trades easily. Use the referral code IMPACTSMONEY to get started.

 

Closing Thoughts

 

We’ve covered a lot today from Biden’s clemency, market surges, to cryptocurrency trends and global political shifts. Stay tuned as we continue to bring you the latest in finance, politics, and how they intersect with your life and investments. Remember, in the world of finance and power, impact is everything.

 

Thank you for joining us, and we look forward to having you with us again tomorrow. Remember to check out TwoBit Exchange for your trading needs. Have a great day!