- A mixed session for risk assets yesterday with the US finishing in the red while the UK and European markets traded higher.
- We are issuing an updated research note on Alphabet following last week’s Q4 results. Following yesterday’s 7% sell-off on a poor reception for its new chatbot, Bard, there is 25% upside to our unchanged price target of $125. Alphabet remains on our Analyst Conviction List.
- Core bond yields continued to move higher yesterday.
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