...the S&P, that is.
The NASDAQ index did slightly better but not enough to warrant serious attention.
Can't help but wonder how the markets will do in '25...Trump will assume the throne. He's starting to have the same problems Biden has, so odds are members of his administration will do at least some of his thinking for him. My crystal ball is cloudy, as it often is. Things could go in a number of different directions.
As usual, the smart things to do are watch, prep, wait, keep cool, & go about one's business.
ChiralAnomaly
The president does not have a lot of control. If a recession is about to happen, it will happen regardless of who is in the White House.
I look at the long time horizon (say 30 years). Even in the worst times, the stock market never fails to generate long term profits.
ShadenLines (Updated )
Trade policies can have an effect, as they can impose/revoke tariffs on imported goods & materials. If a foreign nation objects to our policy then it can retaliate with restrictions of its own, as China did during Trump's first term. All those actions reverberate through the economy of the nation that takes them. Such policies are not created by a sitting president alone but he can & does have considerable influence on them. I get what you're saying, though...when it comes to our economy, I look at what the Fed is doing more than anything else.
My time horizon used to be around 30 years too, but it's doubtful I will live for 30 years from today. Given my family history, a period of 20 to 23 years from now makes more sense.