Washington, D.C, faces minefield of deadlines with serious political and economic implications as it enters 2025.
But Wall Street doesn’t seem too worried.
The stock market closed out 2024 with serious gains across sectors despite a slight December skid, and experts see plenty of green ahead despite high potential for political turmoil.
The S&P 500 index ended the year up more than 23 percent, winning its second consecutive annual gain of more than 20 percent. The Nasdaq composite closed roughly 29 percent higher, while the Dow Jones Industrial Average ended 2024 up about 13 percent.
While a sluggish December took some of the wind out of the market’s sails, Wall Street is still expecting stocks to power through stormier political waters.
“We are looking at record earnings and profit margins in 2025, along with household balance sheets in exceptional shape. There is very little worry about a recession,” said Ryan Detrick, chief market strategist at Carson Group, in a Tuesday email.