Broad asset classes kicked off the new year higher after a not-so-jolly December. Sentiment turned decidedly positive based on slowing wage and job growth and cooling price pressures…
Key Observations
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Broad asset classes rose higher off 2022 lows on cooling pricing pressures and the possibility of a Fed pause
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Equities abroad outperformed amid a declining U.S. dollar and higher than expected growth
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The U.S. debt ceiling has sparked conversation, however the need for a resolution will likely abate an insolvency crisis