Risk Assets Reprice as Macro Volatility Leads the Tape

Written on 01/23/2026
Bill Baruch

Macro Note: The macro price action we saw across risk-assets yesterday is notable. On Wednesday we saw sharp reversions in US equities, a strong rally in the Dollar, a fall in Crude, and a fall in Gold / Silver after President Trump clarified that we will not be “invading” Greenland....2 pumpjacks at sunset by vadimrysev via iStock
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