The week the tech world turned upside down…
Key points
- Treasury yields dipped as Chinese firm DeepSeek’s AI model disrupted tech this week, hinting at a new era of cost-effective AI innovation.
- Trump’s tariff threats compelled Colombia to agree to migrant repatriation, demonstrating the strategic use of trade policy to further broaden presidential goals.
- The Fed held steady at a recent meeting, and we see the FOMC on hold in H1 2025.
- Economic data showed growth in the Euro area stagnating in Q4, compared to a projected 3% expansion in the US, which supported euro yields.
- The past week was a reminder that unknown catalysts can emerge and impact markets on a global scale.
