2024 Ending and 2025 Outlook
Hello everyone,
We hope that everyone had a great Christmas and New Year’s holiday. Overall, 2024 was a strong year and everything fell in line with our expectations/predictions for the year. We hope to build on the momentum, coming into 2025.
There was an election in the U.S., and the Republicans and Donald Trump won all three sections of government, leading to a majority. Historically, majorities in the U.S. government aren’t as favourable as split ticket elections, but we still see opportunities to capitalize on these developments.
We think the easy trades are done in the markets; those were completed in 2024. Now, the investments that weren’t as much in favour in 2024 will come to light, the deep discounts and out-of-favour names will be the focus. If you can find these opportunities in the market, you will do well.
We think our strategy is strong and built to navigate 2025 with success. We see a lot of great income-producing investments that are discounted, that we think will provide what we need to navigate these markets. We believe there will be periods of volatility, as Donald Trump seeks to shake a few things up and make an impression. This may sound daunting, but we also know he uses the stock market as a barometer for his performance. We believe this will prevent him from policies that are harmful for the financial markets.
Periods of volatility will represent opportunities to buy and accumulate items that were too expensive, so we anticipate “normal volatility” and will use it to our advantage to enhance our portfolios.
We don’t believe we need to pivot to do well in this upcoming year. But we are ready to pivot, if necessary. As of now, we think our course of action and the strategy we have in place will serve us well and we are in a good spot. We look forward to the year ahead and wish all the best to our clients.
As always, if you have any questions for us, please feel free to reach out to us directly.
Tchabushnig Wealth Group
This communication has been prepared by Alan Tchabushnig and expresses the opinions of the authors and not necessarily those of Raymond James Ltd. (RJL). Statistics, factual data and other information are from sources RJL believes to be reliable but their accuracy cannot be guaranteed. It is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. It is intended for distribution only in those jurisdictions where RJL and the author are registered. Securities-related products and services are offered through Raymond James Ltd., member - Canadian Investor Protection Fund. Insurance products and services are offered through Raymond James Financial Planning Ltd., which is not a member - Canadian Investor Protection Fund.
