The View from 5th Avenue – 16 January 2025

Posted 16 January 2025 The View From Fifth Avenue

Today’s trading session was “bumpy” with the market initially struggling to find firm footing. Indices opened broadly higher, only to retreat lower for the rest of the session and give up a portion of yesterday’s gains. The Nasdaq lagged despite TSMC’s (TSM +3.9%) impressive performance. Treasuries were firm, with yields all down across the curve, while the dollar was also down small. Bitcoin rallied back over 100k after yesterday’s release of US December CPI data and crude also gave up some of…

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