How many times have gold and Bitcoin reached record highs this year? You might be surprised!

In this episode of Market Moves, Jon Erlichman covers key developments impacting global markets.

Disney has temporarily closed due to Hurricane Milton, potentially affecting millions in profits from its Florida parks. We also dive into Warren Buffett’s recent sale of Bank of America stock and explore what might be driving this decision, given his long history with the company.

As S&P 500 companies report earnings, we analyze expectations for a 4% profit growth. Meanwhile, the Bank of Canada may further lower interest rates by 50 basis points, signaling continued economic cooling. Lastly, we compare the record highs set by gold and Bitcoin this year, and why both assets are attracting investors.

Timestamps:
00:00 Intro
00:10 Disney's temporary closure due to Hurricane Milton and its impact on profits.
00:30 The mystery behind Warren Buffett selling Bank of America stock... Even the CEO is puzzled!
01:11 Earnings season updates: What to expect from the S&P 500 as businesses report their quarterly profits.
01:23 Canada's potential interest rate cuts. Could the Bank of Canada reduce rates by 50 basis points?
01:45 Gold vs Bitcoin: Which asset has hit more record highs this year?
02:11 Outro

Subscribe to our channel for more on the latest market trends, investing insights, and innovations. Don’t forget to turn on notifications so you never miss a new video! For more exclusive tips and updates, you can follow our other socials ⬇️

LinkedIn: www.linkedin.com/company/globalxca/
Instagram: www.instagram.com/globalxca
Facebook: www.facebook.com/globalxca
X: twitter.com/globalxca
Website: www.globalx.ca/

#Gold #Bitcoin #Investing

This video is sponsored by Global X Investments Canada Inc.

Commissions, management fees, and expenses all may be associated with an investment in products (the "Global X Funds") managed by Global X Investments Canada Inc. The Global X Funds are not guaranteed, their values change frequently and past performance may not be repeated. Certain Global X Funds may have exposure to leveraged investment techniques that magnify gains and losses which may result in greater volatility in value and could be subject to aggressive investment risk and price volatility risk. Such risks are described in the prospectus. The Global X Money Market Funds are not covered by the Canada Deposit Insurance Corporation, the Federal Deposit Insurance Corporation, or any other government deposit insurer. There can be no assurances that the money market fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the Funds will be returned to you. Past performance may not be repeated. The prospectus contains important detailed information about the Global X Funds. Please read the relevant prospectus before investing.

Certain statements may constitute a forward-looking statement, including those identified by the expression "expect" and similar expressions (including grammatical variations thereof). The forward-looking statements are not historical facts but reflect the author's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking statements. These forward-looking statements are made as of the date hereof and the authors do not undertake to update any forward-looking statement that is contained herein, whether as a result of new information, future events or otherwise, unless required by applicable law.

This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase investment products (the "Global X Funds") managed by Global X Investments Canada Inc. and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies. These investments may not be suitable to the circumstances of an investor.

The views/opinions expressed herein are solely those of the author and may not necessarily be the views of Global X Investments Canada Inc. All comments, opinions and views expressed are generally based on information available as of the date of publication and should not be considered as advice to purchase or to sell mentioned securities. Before making any investment decision, please consult your investment advisor or advisors.