Weekly Market Commentary (1/26) | Growth Holds Up as Inflation Eases and Spending Stays Firm

Описание: This week’s Market Note with James Maxwell (SVP of Research) and Alex Dippery (Research Analyst) covers:

• Growth & Market Leadership: Pro-cyclical areas of the market continue to lead, with strength across commodities, energy, materials, and smaller-cap segments reflecting improving risk appetite.

• Inflation & Policy Backdrop: Core PCE inflation remains contained and within a familiar range, giving the Fed flexibility to focus beyond inflation as pressures continue to moderate.

• Consumer Spending vs. Sentiment: Consumer spending remains resilient and continues to support growth, even as sentiment readings stay historically depressed—highlighting an important disconnect in the data.

• GDP & Income Trends: Final Q3 GDP was revised higher, driven largely by consumer activity, while income growth moderates and savings dynamics continue to evolve beneath the surface.

• Global Manufacturing & PMIs: Flash PMI data points to improving manufacturing conditions globally, with services activity more mixed across regions.

• Global Bonds & Risk Signals: Rising Japanese bond yields draw attention to elevated sovereign debt levels and the growing importance of global yield dynamics as a potential risk signal.

Click here to read this week’s full Weekly Market Note: https://www.mainmgt.com/wp/wp-content...