Capital Market Outlook

IN THIS ISSUE

• Macro Strategy — Inflation Stuck Above Target Keeps Fed On Hold: The stalled disinflation trend raises questions about the wisdom of easing policy after four years of well-above target inflation.
  
  
• Market View — Inside America's “Iron Dome": The Expected Surge in Foreign Investment to the U.S: From that high-water mark, inbound investment is expected to rise, given the shower of foreign announcements to kick off the year.
  
  
• Thought of the Week — What Should Investors Make of the DeepSeek Developments?: We expect the larger consequence to be an increase in global Artificial Intelligence adoption, which should ultimately make for greater expenditure on these enabling resources and lead to wider participation in the equity market advance as input costs decline and corporate profitability improves.​