The View from 5th Avenue – 15 January 2025

Posted 15 January 2025 The View From Fifth Avenue

And just like that, risk is back on. Indices erased losses today following cooler economic data, a great start to earnings season, and a Beige Book that underscored the current favorable environment for equities. Overnight, UK CPIs came in a bit below consensus, and not long after US CPIs followed suit. That made 3 readings in the past 24 hours that came in below consensus (US CPI, PPI, and UK CPI), which allowed reinvigorated hopes for rate cuts. Treasuries spiked, w/yields falling 10-15bp acr…

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