Is the Bear Market Over?

The next Morning Briefing will be sent on Tuesday, January 22. (1) 1987 all over again? (2) Six S&P 500 sectors have rebounded from bear-market territory. (3) Easing does it for Fed, ECB, and PBOC. (4) Financials making a comeback. (5) Despite flat yield curve, interest margin remains high. (6) Commercial and industrial loans are growing. (7) Less mortgage lending. (8) Lower tax rate and more buybacks. (9) Financials are cheap. (10) US and China race for AI dominance. (11) Big Brother is watching. (12) Chinese use AI to direct traffic and check into hotels.