U.S. equity markets have delivered exceptional returns over the past five years, but elevated valuations largely driven by concerns of massive AI infrastructure spend with monetization two years (or more?) in the future has sent investor capital overseas in search of better value. Besides valuation concerns, easing geopolitical tensions, strong commodity demand, a weaker U.S....

StrategyMSTR, which at times has sported a value that's more than double its bitcoin holdings, has essentially lost that entire premium, which will make it much harder to make further cryptocurrency purchases. The loss of its premium also counters Strategy's argument for continued inclusion in MSCI indexes ahead of an expected decision on Jan. 15....

Bitcoin hovered near $92,000 as analysts, including Bernstein, pointed to improving technical and macro signals suggesting the cryptocurrency has likely bottomed after a steep fourth-quarter sell-off and may be positioned for a rebound.