Happy New Year, everyone!
It's time for another end-of-year review as we welcome 2025.
📍📈 2024 Portfolio Performance:
My portfolio: +25.27%
S&P500: +23.31%
The $SPX500 ended 2024 with a 23% gain, following a 24% rise in 2023—the first back-to-back years of over 20% growth since the late 1990s. The Nasdaq Composite surged 29%, and the Dow Jones Industrial Average rose 13%, driven largely by enthusiasm for AI’s potential to boost productivity. Key players like Nvidia and Apple, part of the "Magnificent 7," soared 171% and 30%, respectively, setting record highs.
Bank stocks also thrived, with JPMorgan and Goldman Sachs up 41% and 48% for the year, buoyed by expectations of deregulation and tax cuts following President-elect Donald Trump’s victory. Tesla, closely tied to Trump’s policies, climbed over 62%. Analysts project a 10% rise in the S&P 500 in 2025, with some, like Oppenheimer’s John Stoltzfus, predicting gains of nearly 20%.
Investor confidence was bolstered by the Federal Reserve’s rate cuts, reducing rates by a full percentage point since September. Approximately $500 billion flowed into U.S. equity funds in 2024, over half of it during the fourth quarter as markets rallied post-election and post-rate cuts. Despite the optimism, a dissenting Fed governor raised concerns about inflation risks, voting against December's rate cut.
Economist Torsten Slok warned of complacency as stock prices near record highs. Inflation remains above the Fed’s 2% target, and potential policies on tariffs and immigration could reignite price pressures. Accelerating inflation might hinder future rate cuts, removing key market support. However, some believe market reactions could temper Trump’s most aggressive policy proposals.
While 2024 delivered robust gains, investors face uncertainties ahead, including inflation risks and potential shifts in monetary and fiscal policies under the incoming administration.
Lastly, may 2025 bring you immense joy, excellent health, and abundant success. 🎉
Best wishes,
Hao... Show More
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Tue Nov 18 2025 10:52:08 GMT+0000 (Coordinated Universal Time)
