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- By Admin
- January 3, 2025
Weekly market commentary at an All-Time Low
The above-consensus US payrolls data helped boost risk assets and offset a drop in some tech shares on concerns about the tariff impact. The S&P 500 climbed 3% last week, closing the gap with where it was before April but still down 8% from the February all-time highs. US 10-year Treasury yields ended the week at 4.31%, up about 40 basis points from their April lows. Markets have priced out some Federal Reserve rate cuts and now see a first quarter-point cut coming as soon as July.
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