Unanimously Bullish.
Another holiday-shortened week began with Trump holding an apparently chummy meeting in Florida with Zelensky followed by a cozy phone call with Putin, but the desperate PR spin from all sides afterwards was unable to mask the reality that a workable peace deal is still well out of reach.
Stocks retreated further on Monday from their Xmas Eve record highs on pitiful trading volume on the back of some year-end profit-taking as niggling doubts persisted about AI company valuations and the ultimate projected rate of return on their gigantic levels of spending. Interest rates inched higher.
The…
The skinny
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