Mar 12, 2025

I recently came across news detailing Citigroup’s downgrade of U.S. stocks due to bearish signals triggering a shift in their view to neutral from overweight, while upgrading China stocks to overweight. The market saw a significant selloff following the S&P 500 breaking its 200-day moving average and major technology stocks facing losses. Economists are concerned about potential economic challenges post a strong jobs report and note China’s strong stock performance supported by tech innovation and President Xi Jinping’s backing.

In other updates, private market investors are criticized for waiting for better conditions before taking companies public, despite economic warnings and market declines. Eric Schmidt has taken over as CEO of Relativity Space, a rocket maker, after acquiring a control stake, highlighting challenges in the space industry. CF Acquisition Corp. filed for a $200 million IPO, while Hinge Health and Muyuan Foods are also planning IPOs and listings to raise substantial capital.

On the M&A front, Boston Scientific acquired SoniVie, Hellman & Friedman seeks new equity funding for Hub International, and TA Associates looks for a buyer for OmniActive. Fundraising saw Aligned Climate Capital, Equator, Fusion Fund, and SeaX Ventures raising significant amounts for their respective funds. Companies like Uber, Tether, and Binance are adopting unconventional approaches to regulations, facing challenges but staying ahead. The importance of status and seating arrangements in high finance was highlighted, showing the significance of status symbols even in office settings. Market volatility continues due to global trade war tensions affecting equities and currencies, emphasizing the need for adaptability in the financial landscape.

Stay Well!