January Recap: Stocks Rally as Market Leadership Shifts in Early 2025
Monthly Market Summary Stocks Trade Higher as Market Leadership Rotates After 2024’s Gains Stocks traded higher to start 2025, but there was a change in market leadership as the rally broadened. Large Cap Value, which underperformed over the past 12 months, outperformed Large Cap Growth by over +2.5% in January. Likewise, the Dow Jones Index […]
January 2025 Recap
Economy In January, the U.S. economy continued its impressive run of solid growth and declining inflation. Fourth quarter 2024 GDP growth came in at 2.3% despite a significant drag of 0.9% from liquidating business inventories. The U.S. consumer was particularly strong, with consumption rising at a 4.2% pace. As for the potential for government spending […]
Calming Observations Inside What Feels Like Chaos
February 7, 2025 Good morning, Markets are quiet early this morning (Futures: unchanged, for example) as Traders and Machines (algorithmic auto-execution trading “Black Boxes”) are anxiously waiting for the January U.S. Employment Data at 8:30 am EST. In step with my newly revised policy of writing Friday Morning Notes – week-to-date summaries – I am writing this morning’s ahead of the […]