.png)
WEEKLY SUMMARY: Rotation and broadening are the new buzzwords
US equity indexes were mixed for the week, with small-cap and value stocks adding to their YTD leads over large-cap and growth-oriented shares. The Russell 2000 index advanced, reaching all-time high during the week, while large-cap indexes pulled back from the prior week’s record levels. Value stocks outpaced their growth counterparts for the third straight week. Q4 earnings season kicked off during the week with several big banks reporting Q4 results. JPMorgan Chase and Citigroup declined while shares of Morgan Stanley and Goldman Sachs rose on results that largely topped analysts’ forecasts. Contract chip manufacturer Taiwan Semiconductor Manufacturing reported a jump in Q4 profits, boosting sentiment around AI stocks. On the geopolitical front, President Trump outlined plans for a 10% cap on credit card interest rates and a proposed 25% tariff on imports from countries doing business with Iran. News that the DoJ was investigating Federal Reserve Chair Jerome Powell over his congressional testimony about renovations to the Fed’s headquarters reignited some investor concerns around Fed independence. On the US macro side, Core CPI cools in December while producer price growth ticks up. Short-term US Treasuries yields increased slightly, while long-term yields were marginally lower. Oil dipped while Silver soared. The dollar was volatile while bitcoin hit 2-months high. In international markets, Japan’s Topic soared more than 4% on news that Japan’s PM is preparing to call a snap general election in early February. European stocks recorded slight gains.
Have a great weekend
Charles & Syz Research Lab
Disclaimer
This marketing document has been issued by Bank Syz Ltd. It is not intended for distribution to, publication, provision or use by individuals or legal entities that are citizens of or reside in a state, country or jurisdiction in which applicable laws and regulations prohibit its distribution, publication, provision or use. It is not directed to any person or entity to whom it would be illegal to send such marketing material. This document is intended for informational purposes only and should not be construed as an offer, solicitation or recommendation for the subscription, purchase, sale or safekeeping of any security or financial instrument or for the engagement in any other transaction, as the provision of any investment advice or service, or as a contractual document. Nothing in this document constitutes an investment, legal, tax or accounting advice or a representation that any investment or strategy is suitable or appropriate for an investor's particular and individual circumstances, nor does it constitute a personalized investment advice for any investor. This document reflects the information, opinions and comments of Bank Syz Ltd. as of the date of its publication, which are subject to change without notice. The opinions and comments of the authors in this document reflect their current views and may not coincide with those of other Syz Group entities or third parties, which may have reached different conclusions. The market valuations, terms and calculations contained herein are estimates only. The information provided comes from sources deemed reliable, but Bank Syz Ltd. does not guarantee its completeness, accuracy, reliability and actuality. Past performance gives no indication of nor guarantees current or future results. Bank Syz Ltd. accepts no liability for any loss arising from the use of this document.