Reported 3 days ago
As 2024 comes to a close, the S&P 500 and Nasdaq Composite recorded substantial gains, primarily driven by strong corporate earnings and the performance of tech giants known as the 'Magnificent Seven.' The recent presidential election of Donald Trump introduced a wave of optimism, particularly for small-cap stocks and Bitcoin, while raising concerns about potential inflationary policies. Despite a resilient economy, characterized by steady GDP growth and moderate inflation, the Federal Reserve's cautious approach to interest rate cuts suggests a vigilant watch on labor market conditions as we head into 2025.
Source: YAHOO