Investors caught up in the "Musk Deal" are rewarded handsomely. One fund has even soared by 500%. Whether it is a Wall Street fund or a small short-term trader, as long as they dare to bet heavily on elon musk's business empire, they are expected to make a lot of money this year, because Donald Trump's victory in the US election has strongly boosted the wealth surge of the world's richest man. Musk's support for Trump during the campaign and his appointment to lead the new government efficiency department made his enterprises, including Tesla and unlisted unicorn companies SpaceX and xAI, hot assets. The market value of these companies has soared this year, pushing Musk's own personal wealth to exceed $400 billion. The closed-end fund Destiny Tech100 Inc.(DXYZ) is such a fund that caught the wind of Musk's trading. Since the November 5 election, the fund has soared by more than 500%. The fund invests in the shares of unlisted unicorn companies, and its latest declaration shows that as of the end of September, the bet on SpaceX accounted for more than one-third of its positions. Trump's victory prompted a large number of retail investors to flood into the fund, pushing its transaction price far beyond the valuation of its underlying assets, and the premium level rose to an eye-popping high.Intercontinental Exchange (ICE): In the week of December 10th, the net long position of ICE Brent crude oil held by speculators increased by 5,349 contracts to 162,273 contracts, a record high of more than two months. The net long position in sugar will reach a three-month low, and the net long position in Robusta Coffee will hit a four-week low, increasing the net long position in London Cocoa.Turkish Foreign Minister: With the stability of the situation in Syria, the number of Syrians returning home will gradually increase.
Broadcom closed up 24% and its market value increased by $206 billion in a single day.Baker Hughes: In the week ending December 13th, the number of oil rigs in the United States remained unchanged at 482 (19 fewer than the same period last year).Bank deposits in the United States last week were $17.839 trillion, compared with $17.629 trillion in the previous week.
Fitch: Supply chain constraints and labor cost inflation will continue to affect global airlines until 2025.The FTSE A50 futures index closed down 0.05% at 13,291.000 points in a row.Baker Hughes: In the week ending December 13th, the number of oil rigs in the United States remained unchanged at 482 (19 fewer than the same period last year).
Strategy guide
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Strategy guide
12-14
Strategy guide