In 2024, the stock market showed resilience, with the S&P 500 surging 24%, driven by a strong economy, moderate Fed rate cuts, and AI-driven growth from the "Magnificent 7" tech giants. Bonds, however, faced another challenging year, weighed down by slower-than-expected rate cuts and rising long-term yields. As a new administration introduces potential policy shifts, diversification remains essential to navigating risks and capturing opportunities in a shifting landscape.
Read more in this week’s Markets in a Minute.