17 January 2025
Record breaking bank earnings help ease the pressure on US marketsThere’s been a lot of talk about American exceptionalism, and it has undoubtedly helped deliver a strong run for US markets over the past year, but macro data continues to set a tone of confusion. US CPI inflation data over the past week was OK, but core CPI got slightly better, and this discrepancy does little for clarity.
It begs the question...