Afternoon Note
Recent headlines of a ceasefire proposal in Israel/Gaza have sparked enthusiasm in the market. The major indices are extending gains with the S&P 500 and Nasdaq up 1%.
*QATAR SAYS ISRAEL AGREES TO CEASEFIRE PROPOSAL: AL JAZEERA
*QATAR SAYS HAMAS GAVE 'POSITIVE CONFIRMATION': AL JAZEERA
All major indices are higher, led by Consumer Staples, while Financials are the worst performer with regional banks crashing again today.

Lots of data came out this morning.
January ISM Manufacturing at 49.1, surpassing consensus of 47.2, and last month’s number of 47.1. Increases in inventories, supplier deliveries and new orders are driving the change.

December construction spending came in at 0.9%. The numbers came in much more than the expected +0.5%. Spending on construction increased every single month last year.

Atlanta Fed GDPNow has increased to 4.2% from 3.0%. Strength is attributed to consumption and business investments, with change in inventories being the only negative component, so far.

| Comments |
| Hi, What does the pink and blue colors mean in the "Atlanta Fed GDPNow Estimates for 2024..." Thanks! Jeff Billington on 2/5/2024 12:41:57 PM |
| It is used to differentiate the GDP compositions and GDP final number. Karina Hernandez on 2/5/2024 12:43:42 PM |
| Tweet |
| 1/7/2026 7:12 AM | HOARDING GOLD IN THEM THAR HILLS |
| 1/6/2026 1:24 PM | Strength Continues |
| 1/6/2026 9:38 AM | CALLING ALL SPACE CADETS |
| 1/5/2026 1:36 PM | Starting Off Right |
| 1/5/2026 10:00 AM | 2026 NEW NARRATIVES |
| 1/2/2026 1:06 PM | Mixed Session |
| 1/2/2026 9:41 AM | DAY ONE - 2026 |
| 12/31/2025 9:38 AM | HAPPY NEW YEAR |
| 12/30/2025 1:17 PM | Investors Await FOMC Minutes |
| 12/30/2025 9:38 AM | FED MINUTES TODAY |
| 12/29/2025 2:11 PM | Holiday Continues |
| 12/29/2025 9:44 AM | LARGE STAYS IN CHARGE HEADING INTO 2026 |
| 12/26/2025 12:47 PM | Slow Session |
| 12/26/2025 9:30 AM | The Market’s Gift: New Heights |
| 12/24/2025 9:10 AM | HO HO HO, MERRY CHRISTMAS |
| 12/23/2025 1:35 PM | Just In Time For Santa |
| 12/23/2025 9:26 AM | STRONG START TO A SHORTENED TRADING WEEK |
| 12/22/2025 1:37 PM | Broad Strength |
| 12/22/2025 9:26 AM | GETTING READY FOR THE YEAR-END |
| 12/19/2025 1:40 PM | Is Santa Coming? |
| 12/19/2025 9:38 AM | DEAR SANTA |
| 12/18/2025 1:44 PM | Markets Enthusiastic |
| 12/18/2025 9:28 AM | ORACLE CONTINUES TO HAUNT THE AI TRADE |
| 12/17/2025 1:23 PM | Technology Slides |
| 12/17/2025 9:40 AM | SPRING LOADED |
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