U.S. stocks surged for a second week driven by new executive orders and a major AI investment partnership, with Netflix and Novo Nordisk posting significant earnings gains. Fixed income markets saw little change, focusing on upcoming FOMC meeting comments from Chair Powell, while crude prices plunged due to President Trump's comments at Davos. Gold continued to rise, nearing an all-time high, amidst mixed economic data and consumer sentiment declining for the first time in six months. Existing home sales rose despite increasing mortgage rates, and Q4 GDP report is anticipated to show strong growth into 2025.

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