As is illustrated by the chart below, over the past twenty-five years, January and September mark the only two months in which the S&P 500 has risen less than fifty percent of the time. In addition, as we have noted frequently within our weekly Snapshot, “Sentiment/volatility will most likely remain until President-Elect Trump a) takes office and b) investors receive enough details regarding his economic agenda, to include tariffs and reducing the size of government. The Trump Administration will be one that has a broader range of potential outcomes as compared to that of a traditional politician. Even though his agenda might ultimately prove successful it may come with growing pains as he bucks the system.”
Should the market pullback, we would consider this an opportunity to buy as the economy remains relatively strong, especially compared to other economies.
Best wishes for a Happy, Healthy and Prosperous 2025!
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