Daily Note | January 25, 2024 | A Quick Look At ETJ.

Today was an important one on the macro side. Markets are rallying after a stronger-than-expected GDP report for the fourth quarter. GDP grew at +3.3%, much higher than the +2.0% expected.

We also got the PCE data (Fed's inflation measure) came in at +2.7% y/y, down from +5.9% a year ago. Core PCE came in at +3.2%, down from 5.1% a year ago.

In the fourth…