January Barometer
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Unpacking Last Week’s Volatility: A Look Inside Our 34-Stock Portfolio
The S&P 500 closed lower Friday but achieved a weekly gain. This week saw significant tech earnings, with Meta surging and Microsoft declining. Apple’s stock found support despite production concerns. The Federal Reserve maintained interest rates, and President Trump nominated a new Fed Chair candidate. The software sector faced a broad sell-off due to AI disruption fears, impacting Salesforce and ServiceNow, while cybersecurity stocks were also affected.
