{"id":86727,"date":"2021-01-18T17:05:48","date_gmt":"2021-01-18T17:05:48","guid":{"rendered":"https:\/\/funds.palos.ca\/issue-2-pondering-a-bifurcated-economy\/"},"modified":"2021-01-18T17:06:17","modified_gmt":"2021-01-18T17:06:17","slug":"issue-2-pondering-a-bifurcated-economy","status":"publish","type":"post","link":"https:\/\/funds.palos.ca\/fr\/issue-2-pondering-a-bifurcated-economy\/","title":{"rendered":"Issue 2 &#8211; Pondering a Bifurcated Economy"},"content":{"rendered":"<p><strong>A Snapshot of the Week Ended January 15, 2021:<\/strong><\/p>\n<p>The stock market was remarkably indifferent to Powell\u2019s assurance that the Fed was not about to change its current monetary stance anytime soon and to Biden\u2019s $1.9 trillion plan to reinforce the recovery. It looks as if the financial markets have discounted the anticipated benefits of the Blue Wave scenario. By the end of the week, the U.S. dollar was stronger, government bond yields were lower, gold was weaker and so was copper and oil. Interestingly, financial conditions including narrower credit spreads improved. For example, JPMorgan released credit reserves of $2.9 billion because \u201cthe improvement in the macroeconomic scenarios and the continued ability of clients to access liquidity and capital markets\u201d permitted such a decision. Nonetheless, traders have been publicly calling for a pullback, proposing that the rally had gone far enough for now and suggesting that the adage \u201cbuy the rumor and sell the news\u201d may have come into play.<\/p>\n<p>&nbsp;<\/p>\n<p>Follow us on: <a href=\"https:\/\/www.linkedin.com\/company\/palos-management-inc.\/\"><strong>LinkedIn<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #000000;\">By Hubert Marleau<\/span><\/p>\n<p><strong><span style=\"color: #000080;\"><a style=\"color: #000080;\" href=\"https:\/\/funds.palos.ca\/wp-content\/uploads\/2021\/01\/Macro_View_011821.pdf\">Continue Reading in PDF<\/a><\/span><\/strong><\/p>\n<p><span style=\"color: #000000;\">By Hubert Marleau<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Snapshot of the Week Ended January 15, 2021: The stock market was remarkably indifferent to Powell\u2019s assurance that the Fed was not about to change its current monetary stance anytime soon and to Biden\u2019s $1.9 trillion plan to reinforce the recovery. It looks as if the financial markets have discounted the anticipated benefits of &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/funds.palos.ca\/fr\/issue-2-pondering-a-bifurcated-economy\/\"> <span class=\"screen-reader-text\">Issue 2 &#8211; Pondering a Bifurcated Economy<\/span> Lire la suite\u00a0\u00bb<\/a><\/p>\n","protected":false},"author":11,"featured_media":86721,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[31],"tags":[],"_links":{"self":[{"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/posts\/86727"}],"collection":[{"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/comments?post=86727"}],"version-history":[{"count":0,"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/posts\/86727\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/media\/86721"}],"wp:attachment":[{"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/media?parent=86727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/categories?post=86727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/funds.palos.ca\/fr\/wp-json\/wp\/v2\/tags?post=86727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}