Year in Review
December 3, 2024
It’s hard to believe but 2024 is drawing to a close. In his final First Week video of the year, Walter covers the latest election outcomes, market trends, and key economic developments as we head into the holiday season and look forward to 2025.
In this month’s video:
- Political Landscape: Republicans hold majorities in both the Senate and the House, but some Republican seats may be affected by appointments to agency roles.
- Market Updates: December and January are historically strong months for the market. Upcoming economic highlights include a payroll report (following a subdued report last month) and a Federal Reserve meeting on December 18th, where a rate cut is possible but uncertain.
- Global Considerations: International markets are underperforming due to concerns around tariffs and international trade agreements.
Despite concerns for a recession, 2024 was a strong year. While optimistic for 2025, we are watching carefully to see how the new administration handles upcoming issues such as expiring tax legislation and the debt ceiling.
Greenwood Capital is an SEC-registered investment advisory firm. This material has been prepared for information purposes only, is not intended to provide, and should not be relied on solely for tax, legal, or accounting advice. Subtitles are automatically generated.
