Daily Note | January 24, 2025 | Venture IPOs, CEF NAV Boom, NRO

Markets are opening in the red this morning after hitting new highs yesterday and likely to finish out the second positive week in a row.

Yesterday, jobless claims jumped to a one-month high. Claims are probably the best look-through at the labor market - though some commentators noted that the wildfires could be driving some of that rise.

Stocks got a bu…