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Jan 2025
18m 7s

US small business optimism soars

JULIUS BAER
About this episode

US small business owners are experiencing their highest level of optimism in over 40 years, fuelled by expectations of tax cuts and deregulation under Donald Trump. US producer prices rose less than expected in December, providing some relief, although today's consumer price data release will be key. The UK reported lower-than-expected inflation in December, weighing on the pound, while Japan's yen strengthened on hints of impending rate hikes. The US earnings season kicks off today, including Goldman Sachs, JPMorgan, and Citigroup. Dario Messi, Head of Fixed Income Research, talks about Treasury Inflation Protected Securities (TIPS) and what makes them outperform. Leonardo Pellandini, Equity Strategy Research, discusses the US earnings season and what to look out for.

00:00 Introduction by Bernadette Anderko (Investment Writing)

00:24 Markets wrap-up by Mike Rauber (Investment Writing)

06:33 Bond market update: Dario Messi (Head of Fixed Income Research)

12:25 Earnings Season Preview: Leonardo Pellandini (Equity Strategy)

17:04 Closing remarks by Bernadette Anderko (Investment Writing)

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