That is indeed hard to say. But don't forget the self-destruction of the EUSSR. Germany alone lost 135 bio Euros of direct investment last year of which a large part flew to the US

shado_op

This latest U.S. data paints a dynamic picture for the fourth quarter: seems to be a "Goldilocks" scenario for risk assets, with robust GDP growth and stable core indicators providing a favorable environment.

📊 GDP Growth (QoQ) (Q4): Surges to 3.3%, beating estimates at 2.0% (previously 4.9%).

💹 PCE Prices (Q4): Registers at 1.7%, falling short of the 2.2% forecast (previously 2.6%).

📈 Core PCE (Q4): Holds steady at 2.0%, meeting expectations (previously 2.0%).

📉 Initial Jobless Claims: Report 214K, slightly surpassing the 200K estimate (previously 187K).

🔄 Continuing Jobless Claims: Stand at 1,833K, slightly higher than the 1,828K e

econ

This latest U.S. data paints a dynamic picture for the fourth quarter: seems to be a "Goldilocks" scenario for risk assets, with robust GDP growth and stable core indicators providing a favorable environment. 

📊 GDP Growth (QoQ) (Q4): Surges to 3.3%, beating estimates at 2.0% (previously 4.9%).

💹 PCE Prices (Q4): Registers at 1.7%, falling short of the 2.2% forecast (previously 2.6%).

📈 Core PCE (Q4): Holds steady at 2.0%, meeting expectations (previously 2.0%).

📉 Initial Jobless Claims: Report 214K, slightly surpassing the 200K estimate (previously 187K).

🔄 Continuing Jobless Claims: Stand at 1,833K, slightly higher than the 1,828K e