Positive. Macro and liquidity conditions remain positive for risk assets, with equities outperforming in January.

From Investing.com: 2025-02-05 01:30:00

Overall, the macro & liquidity conditions are still positive for risk assets, with an overweight stance on equities and underweight on bonds. US equities outperformed in January, with all sectors ending the month green. Goldilocks month for macro data, with growth indicators exceeding expectations. Tariffs announced on imports from Mexico, Canada, and China, with potential retaliation. Trump’s tariffs expected to generate $150 billion in annual revenue. Impact on risk assets uncertain, but tariffs are bullish for the dollar. Asset allocation preferences remain slightly positive for equities, with 4 out of 5 indicators signaling an overweight stance in equities.



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