Stocks Reverse Early 2025 Losses
Jan 17, 2025
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“All war is a symptom of man's failure as a thinking animal.” ― John Steinbeck
Good evening,
Softer-than-expected economic data and strong bank earnings drove the stock market this week to reverse all of its early 2025 losses. The S&P 500 is up about 2% this year.
Fundstrat Head of Research Tom Lee believes that there are “signs of market capitulation.”
The best news this week came on Wednesday from the December consumer-price index report, which showed prices rose 2.9% from a year ago and 0.4% from a month ago. The core CPI, which excludes the volatile f...