Market Notebook

by Cory Haupt | Jan 20, 2025

PRICE ACTION:
Equity prices, as measured by the ticker SPY, and bond prices, as measured by the ticker BND, closed higher last week.

SPY +2.94%
BND +1.00%

TECHNICAL ANALYSIS:
SPY price appears to have established a long-term upward trend, with a period of potential consolidation beginning in early November.

BND price appears to be experiencing a short-term pullback within a long-term upward trend.

SENTIMENT:
Strong positive sentiment was exhibited by both equity and bond investors last week.

ECONOMY AND FUNDAMENTALS:
The U.S. real economy appears well-positioned for continued growth in 2025.

As always, there will be unidentified growth challenges in 2025. Have a strategy, be prepared, and take advantage of what you know will come once you see it.

All the best during the week ahead!

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Disclaimer: Nothing in this discussion should be considered investment advice. The content of this discussion is strictly my personal opinion and subject to change at a moment’s notice. Investment advice can only be provided to you by your investment professional and not by a general market discussion such as this one. If you wish to speak with an investment advisor, contact us. We can probably help.

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