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Daily Market Commentary

January 16, 2025

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January 16, 2025

Bonds & Stocks

US stock futures held steady and Treasury yields edged off the day’s highs as US economic readings kept alive expectations that the Federal Reserve can cut interest rates this year.

Economy

Concern over the debt impact of Donald Trump’s economic agenda has percolated through the market. Attention now shifts to the president elect’s nominee for Treasury secretary, Scott Bessent, who will appear before Congress on Jan. 16. Bessent’s challenge will be to reconcile his advocacy for Trump’s policies with his stated goal of halving the annual fiscal deficit to 3% of GDP.

World

Advisers to President-elect Donald Trump are crafting a wide-ranging sanctions strategy to facilitate a Russia-Ukraine diplomatic accord in the coming months while at the same time squeezing Iran and Venezuela, people familiar with the matter said.

The information represented herein was obtained from various sources, which we believe to be reliable. Neither the information presented nor opinions expressed constitutes an offer to buy or sell any security. And it is not intended to guide the investor on which securities to buy, or when to buy or sell.