An Indicative Ground Hog Week

In this week's Market Minutes recap, hear from our team of investment experts as they share their perspectives on the latest market and economic activity. Our panel shares detailed insights into PMI data, the JOLTS report, Nonfarm Payrolls, potential rate cuts, the yield curve, fourth quarter earnings, recent tariff policies, and Super Bowl LIX predictions.  

 
Speakers:
Brian Pietrangelo, Managing Director of Investment Strategy
Connor Cloetingh, Director of Investment Research 
Rajeev Sharma, Head of Fixed Income
Stephen Hoedt, Head of Equities

01:20 – ISM Purchasing Managers’ Index (PMI) registered at 50.9% in January for manufacturing, representing expansion taking place after 26 months of contraction

02:02 – The Job Openings and Labor Turnover Survey (JOLTS) reported a decrease in job openings for January at 7.6 million 

02:26 – The Employment Situation Summary reported new nonfarm payrolls for January at 143,000. Furthermore, both reports from November and December were revised upward

03:43 – Based on the recent economic data, we hear comments on what we can anticipate the data-dependent Federal Reserve (Fed) will do next regarding 2025 rate cuts

06:03 – Remarks on the yield curve, and U.S. Secretary of Treasury Scott Bessent’s support on issuing treasury debt in the form of bills instead of treasury bonds 

07:13 – Comments on the earnings market and recent tariff policies put into place on Canada and Mexico

14:52 – The team gives their predictions on who will win Super Bowl LIX

Additional Resources

Key Questions: Does the Social Security Fairness Act Affect Me? | Key Private Bank 

Key Questions | Key Private Bank
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