Published January 24, 2025
Whereas December showed investors becoming fearful of a sharp rise in interest rates, January seems to be bringing a more optimistic read on those rising rates, namely that economic growth will re-accelerate. When Trump’s first day in office did not bring substantial across the board tariffs, stock investors took it to mean that the bulls could run. Earnings have come in very good so far further emboldening the bulls. (more…)