The day at a glance · 2 min read
Mood · Cautious
-15
Sentiment, −100 to +100
JLA Sale Value
$2B
Banks & Lending
Private Markets Fundraising (2021-2025)
$5.74T
Capital Markets & Asset Management
Bitcoin ETF Outflows
$729M
Capital Markets & Asset Management
Key driverInvestors poured cash into money market funds at fastest pace since April 2020, awaiting sustained Federal Reserve rate cuts before reallocating
Daily briefFinancials· Money365.Market AI ·

Cash Flows Surge as Fed Cut Expectations Build

Money market funds see largest inflows since pandemic; Goldman revives M&A mandates while JPMorgan leads AI deployment

Banks & Lending

Neutral
BACGSJPM
Bank of America (BAC) strategist Michael Hartnett observed that money market funds drew their biggest weekly inflow since April 2020, offsetting the previous week's outflow, but noted that cash will remain on the sidelines until the Federal Reserve starts cutting rates in a sustained manner.
Goldman Sachs (GS) has been hired by buyout firm Cinven to reactivate the sale of UK commercial real estate assets valued at $2 billion, according to market reports.
JPMorgan (JPM) has been ranked as the world's most AI-advanced bank by Evident Insight, with CEO and co-founder Alexandra Mousavizadeh explaining that early movers are pulling ahead and that banks investing most heavily in the technology are still growing headcount even as AI changes jobs.

Capital Markets & Asset Management

Neutral

Bitcoin Price

$82,000
GSBLK
Goldman Sachs (GS) head of asset allocation research Christian Mueller-Glissmann stated that investors are questioning whether ongoing capital expenditure on artificial intelligence will translate into monetizable products, indicating market skepticism toward AI investments.
BlackRock (BLK) and other major private markets managers raised $5.74 trillion between 2021 and 2025, according to the inaugural Private Markets 100 published by PEI Group, representing more than the annual economic output of Germany.
BlackRock (BLK) and other spot Bitcoin ETF providers experienced outflows totaling $729 million as Bitcoin recovered above $82,000 after slipping below $81,000, though buyers have yet to establish a sustained recovery.

Payments & Fintech

Neutral
MA
Mastercard (MA) announced that beginning in February 2027, every newly issued Mastercard card in Europe must carry offline payment functionality, marking a significant infrastructure upgrade across the region.

Insurance & Wealth Management

Neutral

MetLife Preferred Yield

~7%
METSCHW
MetLife (MET) fixed-rate preferred shares (common stock issuer) yield approximately 7%, trading at discounts that offset call risk but remain highly sensitive to interest rates, according to equity analysis.
Charles Schwab (SCHW) and Fidelity stop processing Roth conversions days before year-end, with financial advisors noting that most retirees incorrectly assume Roth conversions follow the same April deadline as contributions, a misunderstanding that can cost thousands in taxes.

Analyst Actions

Neutral

Bureau Veritas 2027 EBIT Margin (Citi Est.)

17.14%

Bureau Veritas Consensus EBIT Margin

16.65%
C
Citigroup (C) upgraded testing and inspection company Bureau Veritas to buy from neutral, stating that synergies from earlier acquisitions make a 2027 adjusted EBIT margin of 17.14% likely attainable, versus a Visible Alpha consensus of 16.65%, with shares rising 2.8%.
Citigroup (C) Research cut its price target on Danish drugmaker Novo Nordisk because the company's guidance for broadly stable margins through 2030 leaves little room for margin growth.

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