Kathryn Duane ’26 and Harrison Pratt ’27 presented the Market Update on Friday, April 12th. The update covered the major indexes, followed by an overview of Middle Eastern political tensions. Financial news included Citi profits beating expectations and value investors warning for signs of an AI bubble. The update concluded by discussing the Morgan Stanley probing headline.
Co-President Alex Hunter ’24 and Vice President Aykut Ugurlar ’24 presented a gold buy pitch. Along with fitting the club portfolio, the investment thesis revolved around growth through scarcity and using gold as a hedging tool against traditional inflation/deflation. After reviewing gold’s 10-year performance, the club elected to buy 8k of GLDM, which is recommended for longer-term investing.
The meeting concluded by announcing elections for the 2024-2025 Executive Board, which will be held next week. Be sure to reach out to Spencer Thomas with any questions!