CPLB - Triggers To Change Our Pro-Risk View
2025-01-14 06:20:00 ET
Summary
- We are pro-risk to start 2025. Yet we’re ready to evolve our view if policy shifts, corporate earnings and financial market cracks spell a deteriorating outlook.
- U.S. stocks slid and 10-year U.S. Treasury yields climbed near 4.80% last week after a strong U.S. jobs report. UK gilt yields jumped on fiscal outlook concerns.
- We get U.S. CPI this week. Robust wage growth and sticky core services inflation should keep broad inflation from falling to the Federal Reserve’s target, we think.
Transcript
We think U.S. equity gains stay strong. Yet an economic transformation and global policy changes could spur volatility....
Triggers To Change Our Pro-Risk View