Daily Note | January 17, 2025 | PDI & Buffers, CEF Report Soon

Markets are looking up to finish out the best week since the election in November. The S&P 500 is now back above 6,000 at 6,022. The driver of this rally: lower rates and perhaps already a shift in the narrative back towards a dovish environment.

The 10-year yield is down nearly 20 bps on the week to 4.58%. It has peaked at 4.77%, the highest since late …