The S&P 500 and the Nasdaq jumped to all-time highs to start the final month of 2024. The bulls are in control for a variety of reasons in December and heading into 2025.
Wall Street is buying up stocks based on the outlook for strong earnings growth in 2025 and beyond and the likelihood of lower interest rates. On top of that, the possibility of lower corporate taxes and less red tape under a second Trump term could be further wind on the economic sails.
Of course, the market cannot go straight up and there will without a doubt be a pullback at some point. The best long-term investors will simply utilize the next significant drawdown in their favorite stocks or the market as buying opportunities.
This post appeared first on Trades Of The Day.