GS on gold buying: Central bank demand on the London OTC market has fivefolded since the freezing of Russian central bank assets in 2022

The S&P 500 is about to be up in January. Markets tend to trend and nothing shows it better than this. An up Jan = strength an a 16.9% avg annual return. A negative Jan = weakness and down 1.8% on the year.

We disagree. Year-over-year changes are a poor way to capture short-run swings in the data. Core inflation has advanced just 1.6% SAAR over the last two months. So, "progress stalled" in September and October, resuming since. Given how strong inflation ran in Q1 2024, there is a

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We started sharing this chart last year and it showed that bull markets that made it into their third year (like this one) tended to last much longer than you'd ever expect. Going back 50 years, the 5 bulls that made it this far lasted an avg of 8 years.

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Nice chart from Fred Goodwin at State Street. Choose your fighter.

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