Solid Economic Growth and Rate Cuts Power Stocks in 2024
By John Lau January 2, 2025 – The S&P 500 extended 2024 gains as the election results raised expectations for tax cuts and other pro-growth policies in 2025, while the economy remained on solid footing and the Fed continued to cut interest rates. The S&P 500 logged a modestly positive return for the fourth quarter […]
December 2024 Recap
Economy December 2024 saw the U.S. economy wrap up a solid year that defied the skeptics who had been calling for a recession since 2023. Key economic indicators reflected a steadily expanding, disinflationary economy with some pockets of weakness. The Bureau of Economic Analysis reported a real GDP growth rate of 2.8% for Q3 2024, […]
Not All Doom and Gloom
January 2, 2025 Good morning, Happy New Year everyone! On Monday, we wrote about changes that might be in store for markets in 2025. Sentiment changing to extreme bullishness by investors (recall that sentiment is a contra-indicator – bullish sentiment is bearish for equity index prices and vice-versa), yields rising throughout the yield curve while […]