Top of the Morning: CIO Strategy Snapshot - No news is news
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Following a relatively calm holiday shortened trading week with little to no developments on the tariff front, Jason updates on where tariff negotiations stand, and what to look out for in the near-term. We also recap last week’s macro developments, spanning retail sales to Q1 co
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4 itemsTop of the Morning: CIO Strategy Snapshot - Latest on tariffs & the economy
The desk believes that the renewed focus on tariffs by the U.S. administration could introduce volatility in foreign exchange markets, particularly for commodities and currencies linked to them. Per the full note [source], tariffs on steel and aluminum, while not unprecedented, signal potential shifts in broader trade policy that financial markets are keenly monitoring. This sentiment is underscored by traders digesting recent employment data, with the January jobs report indicating a stable labor market. All eyes are also on upcoming inflation figures, which could further influence market strategies and positions.