🇮🇳 India has voted

India's election caused a stumble in share prices | Bill Ackman sold a slice of Pershing Square | [Finimize](   TOGETHER WITH     Hi {NAME}, here's what you need to know for June 5th in 3:06 minutes.   🍎 An apple a day won't keep the IRS away. So join us for [Gaining An Edge Beyond ETFs]( on June 19th, and discover the investments that can. US readers, this one's for you: [grab your free ticket]( Today's big stories - India’s stocks stumbled, with the country’s election result coming in much closer than expected - Here’s where bitcoin might be headed next – [Read Now]( - Billionaire Bill Ackman sold a 10% stake in Pershing Square for a cool $1 billion Rough And Tumble [Rough And Tumble] What’s going on here? India’s wild ride to new market highs hit a stomach-dropping pothole on Tuesday, as election tallies [pointed]( to something well shy of a landslide victory for the ruling party. What does this mean? Indian stocks had been rallying hard, with the sitting prime minister expected to easily pull off a historic hat trick – securing a third term that would promise more infrastructure-led economic growth and investor-pleasing market reforms. Stellar economic news helped sweeten the mood, with India’s output expanding faster than any major rival. And the cherry on top: S&P Global Ratings took its first step toward an upgrade for the country’s credit rating, which would make India’s government bonds more attractive to global investors and lower its borrowing costs. Why should I care? Zooming out: Indi-yeah. India’s got plenty of bright spots. It’s a core beneficiary of the global supply chain’s pivot away from China: analysts estimate that its exports will nearly double by 2030, which could be very good for the country’s stocks. But those shares already are among the priciest in Asia, and that’s got some people feeling cautious. What’s more, it was never going to be easy for the government to push through big reforms in property and labor laws – the changes investors view as crucial to India’s growth. And without a resounding win, those battles could become even harder. The bigger picture: Political rallies. India isn’t the only country heading to the polls this year: at least 40 national elections are on the calendar, impacting over 40% of the world’s population and economy. And, of course, that includes the US. But if ballot-year investing has you on edge, relax. History shows that stocks usually perform better post-vote than during the uncertain lead-up. Plus, US markets have a knack for bouncing back strong, no matter who wins. So while the political drama may have folks twisted in knots, your investments might just keep on thriving. You might also like: [How to invest during an election year.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Rough And Tumble&utm_campaign=daily-global-05-06-2024&utm_source=email) Analyst Take What Three Indicators Say About Bitcoin’s Next Big Move [What Three Indicators Say About Bitcoin’s Next Big Move]( By Jonathan Hobbs, CFA, Analyst Bitcoin has been stuck in a rut. The OG crypto has been tracing and retracing its steps since March, locked in a fairly tedious trading range – between $56,000 and $74,000 a coin – without any clear direction. And if you own bitcoin (or are looking to buy some), that’s probably got you wondering about its next real move. That’s today’s Insight: [three indicators you can use to figure out what Bitcoin might do next](. [Read or listen to the Insight here]( SPONSORED BY NEVADA CANYON GOLD You don’t need to buy bricks to benefit from gold Gold has been stealing the show lately, boasting an enviable rally over the last year. And with Federal Reserve rate cuts on the cards for this year, which should bolster gold prices even more, the precious metal looks set to become… well, even more precious. Nevada Canyon Gold (OTC:NGLD) is a natural resource company focused on – you guessed it – Nevada, one of the best places in the world to mine gold. Nevada Canyon Gold manages a [diversified portfolio of precious metal assets]( so it should benefit from gold’s rip-roaring prices. Plus, it’s not tightly correlated to stock markets, so it can minimize volatility. What's more, the company has just announced an [increase to its growing royalty portfolio]( with an agreement to acquire a 2% net smelter returns royalty on the [Lapon Canyon Project](. JPMorgan has predicted that gold will peak at $2,300 an ounce in the third quarter of 2025. So if you want to look beyond bricks, [check out Nevada Canyon Gold](. [Find Out More]( This content is for US investors only, if you are not a US investor please ignore this content. This content is a paid advertisement for Nevada Canyon Gold (OTC:NGLD) from Sideways Frequency and Finimize. This is not Finimize editorial content. Finimize received a fixed fee for producing, hosting and promoting this content on behalf of Nevada Canyon Gold (OTC:NGLD), totalling $10,000. Other than the compensation received for this service, Finimize and its principals are not affiliated with either Sideways Frequency or Nevada Canyon Gold (OTC:NGLD). Finimize and its principals have no ownership in Nevada Canyon Gold (OTC:NGLD). The content on this page should not be taken as advice, an endorsement, or a recommendation from Finimize and its principals to buy or sell any security. Finimize and its principals have not evaluated the accuracy of any claims made on this page. Finimize and its principals recommend that investors do their own independent research and consult with a qualified investment professional before buying or selling any security. Investing is inherently risky and capital is at risk. Past performance is not indicative of future results. When you support our sponsors, you support us. Thanks for that. If you want your brand featured here, [get in touch.]( Square Deals [Square Deals] What’s going on here? Billionaire Bill Ackman [sold]( a 10% slice of his Pershing Square hedge fund to a group of investment houses and family offices as he prepared the firm for a stock debut. What does this mean? That piece of the firm, which sold for $1.05 billion, puts Pershing’s overall value at over $10 billion – a pretty penny when you consider the fact that it manages just $16 billion. But what sets this hedge fund apart is that almost all its assets are “permanent capital” – in other words, it doesn’t allow for withdrawals. And because of that, Pershing’s annual fee income is a lot easier to predict. The stake sale sets the stage for the hedge fund to go public, with an initial public offering (IPO) likely to happen in 2025 or 2026. Why should I care? Zooming in: Big plans. Pershing Square already has a publicly listed fund in London and Amsterdam, and now it’s looking to launch two in the US, aiming to raise a combined $30 billion. The bigger of the two – known as Pershing Square USA – is expected to attract interest from US retail investors. The move would nearly triple the fee-generating assets the firm manages. And that could, in turn, help to justify its curiously high valuation, smoothing the road to an IPO. The bigger picture: Bucking trends. Passive funds have been beating active funds – hands down – in recent years, providing better returns and at much lower fees. Mind you, Ackman’s Pershing Square has been an exception: it’s managed to produce high returns, even after its chunky fees. That performance, along with the firm’s strong name recognition and big social media presence, could bode well for its planned new suite of offerings. You might also like: [Bill Ackman: How to invest like the famous contrarian.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Square Deals&utm_campaign=daily-global-05-06-2024&utm_source=email) 💬 Quote of the day "Great artists make the roads; good teachers and good companions can point them out. But there ain't no free rides, baby." — Ursula K. Le Guin (an American novelist) [Tweet this]( Your cheat sheet for choosing a trading platform There are nearly as many trading platforms as there are stocks nowadays. So it’s tough to weed through them all – but if you want to find a platform with [the sharpest tools](, the [best benefits](, and the [fewest hidden fees or fine print](, you’ll need to plow through one by one. Or not. [Our guide]( to finding the right trading platform details the components that you’ll want to look for, the factors that can set you up for an optimum experience, and any red flags to be aware of. Think of it as your [cheat sheet for vetting platforms](, so you can streamline your search. Or if you want an even easier route, we included [an overview of IG’s platform]( – you might just find it sticks. [Read The Guide]( 🎯 On Our Radar 1. Predictable pattern. This is how the [history of the barcode]( can be a blueprint for other new technologies. 2. Trading platforms are a dime a dozen. [Here's how to find one]( that's really worth your money.* 3. Causing a buzz. Electric woks just might be the solution to a style of cooking that’s [not exactly environmentally friendly.]( 4. There’s no shortage of acronyms in crypto. [This guide walks you through two biggies](: DeFi and CeFi.** 5. World domination. The [German cockroach]( now inhabits every continent except Antarctica, here’s how it happened. Your capital is at risk. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.* Stocks is a derivative product offered by Change Securities B.V. that replicates the performance of your favourite companies’ shares - full or fractional.** When you support our sponsors, you support us. Thanks for that. 🌍 Finimize Live 🤩 Coming up soon... 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