Pragmatic Optimism
In 2024, the economy exceeded expectations with strong stock market performance fueled by advances in artificial intelligence and technology, while bonds lagged amid policy uncertainty and rising debt concerns. Looking ahead, LPL Research is cautiously optimistic for 2025: long-term technology trends and potential tax and regulatory changes may create tailwinds, though growth is expected to moderate. With valuations elevated and new policies on the horizon, a balanced and disciplined approach to investing remains key.
