Over the past 20 days, the S&P index has consistently outperformed signals from global assets correlated to risk sentiment, with cumulative outperformance ranging from +2.14% to +2.74% during this period. As of January 17, 2025, the S&P is projected to gain +0.16% ahead of the New York market opening, with futures up +0.67% since the previous close. The global equities signal is noted as the most bullish at +0.31%, while commodities reflect the least bullish signal at -0.10%. Concurrently, US futures indicate a higher opening, buoyed by a positive risk appetite, despite mixed performances in Asian markets. The dollar is showing strength, while the British pound has weakened due to disappointing retail sales data. Additionally, China's GDP figures have underwhelmed market expectations.