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I wrote yesterday about how the market has generally remained pretty resilient despite recent bouts of volatility. 

Tariff concerns, geopolitical tensions, earnings season and inflation have all weighed on US equities at different points throughout 2025, but one tailwind has remained constant: economic growth is — at least for now — solid enough. 

Some economic data points are looking really strong. Manufacturing is on the rise with the most recent ISM manufacturing PMI and the Empire State Manufacturing Survey both coming in better than expected. 

January’s ISM services…

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