“I’m pretty much a workaholic, but when you’re doing what you love, it’s hard to think of a reason to stop.” – Ani DiFranco
Valued Client,
We hope this message finds you well. It has been an eventful year and we should finish strong through year end. The stock market has continued to exhibit strength and resilience, with major indices continuing to show an upside bias.
We expect the Fed to continue delivering consecutive rate cuts through Q1 before slowing the pace toward the end of the cutting cycle. (Goldman Sachs)
The US economy is expected to grow by 2.5% in full year 2025 and expect the terminal rate of 3.25-3.5%. The 12 month recession probability remains low at 15%. Atlanta Fed GDPNow.
Earnings outlook- S&P 500 earnings are expected to grow by 11.9% for the 4th quarter of 2024. 2025 earning should grow 12-15%. Factset Earnings Insight
We believe we are still in a Secular Bull Market with many years left in its path. If that changes, we will adjust. As we’ve emphasized in our prior conversations, stocks are in a long -term upward trend, and that upward trend is incorporated into your financial plan, but stocks don’t rise in a straight line. Be prepared for setbacks and use those as opportunities to add to equities when appropriate.
As always, We are honored and humbled that you have given us the opportunity to serve as your financial advisors. We’re here to assist you and to answer any questions you might have regarding financial planning, the markets or walk through any issue that concerns you. As always, thank you for the relationship and trust.
Williamson Wealth Management
Harry S. Williamson, WMS
First Vice President, Investments
Financial Advisor
Any opinions are those of Harry Williamson and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or
Forecasts provided herein will prove to be correct. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Past performance does not guarantee future results. Future investment performance cannot be guaranteed, investment yields will fluctuate with market conditions.
The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S .stock market.
Prior to making an investment decision, please consult with your financial advisor about your individual situation.
