There are many reasons to question a bullish outlook at the start of the year, but the gravity-defying trend remains intact overall, based on a set of ETF pairs that track global asset allocation strategies through Friday’s close (Jan. 3). The analysis turns mixed, however, when analyzing markets on a more granular level.
Daily Archives: January 6, 2025
Macro Briefing: 6 January 2025
US manufacturing’s contraction eased in December, according to the ISM Manufacturing Index. The survey-based indicator rose to 49.3 last month, the highest since March. Despite the improvement, the index remains below the neutral 50 mark and has reflected contraction for 25 of the past 26 months. Meanwhile, analysts at ING advise that “US manufacturing shows encouraging signs of life… after languishing for much of the past two years.”
