Summary
- While there is a rightward tilt occurring in European politics, the ECB has also reduced its funding rate 5 times since 2023. The most recent ECB rate reduction was in January ’25.
- The S&P 500 “upside surprise” or beat rate is at +8.1% as of Friday, February 7th, the highest upside surprise since (probably) 2021.
- Equal weight versus market cap weight is starting to get more attention.
