In 2024, the prices of assets such as stocks, gold, and Bitcoin have increased significantly.
As a result, signs of a historical bubble are emerging. In this context, what will happen to the market in 2025?
What will happen to the market in 2025 amidst signs of a historical bubble due to the significant rise in the prices of assets such as stocks, gold, and Bitcoin in 2024?
In this video, active fund manager Mr. Jun Ishihara
will explain the market review of 2024 and the market outlook for 2025!

In the election year of 2024, the ruling parties in many major countries suffered defeat or a loss of influence.
However, despite such turmoil, it appears that there were no factors that caused a sudden change in the market.
It seems that a "Trump rally" occurred in the US stock market, unaffected by such developments.
Gray Rhino, like Gray Rhino, may seem positive at first glance.
However, recently, triggered by budget proposals and the like, political situations have been rapidly changing in various countries.
In the USA as well, there are Gray Rhinos before and after Trump.

In 2024, the prices of assets such as stocks, gold, and Bitcoin rose significantly.
Is this really a 'bubble'?
The current US stock market is showing signs similar to historical bubbles.
One example is the Buffett Index.
This indicator divides the total market cap by GDP.
Currently, it has reached an astonishing 209.
This is an unprecedented high level.
This is a much higher figure than the crash of 2000 and 2008.

In the American presidential election, policies such as large-scale tax cuts and deregulation were proposed.
With Mr. Trump's victory, the market reacted positively and the major U.S. stock price indices reached record highs.
Furthermore, stocks in energy, finance, and infrastructure sectors are expected to continue rising due to the impact of policies.
However, on the other hand, the enormous debt issue in the USA is highlighted.
In the future, if the increase in interest payments continues, there may be impacts on economic growth and an increase in inflation risks.
Concerns arise about the fluctuation of the dollar's credibility as worries persist about the potential increase in inflation risks.

Global economic uncertainties such as rekindling of inflation, rapid increase in national debts, and debt dependency are growing.
There may be a turbulent era ahead for the next few years.
In particular, the U.S. presidential election is believed to have the potential to influence the extension or collapse of economic bubbles.
Depending on the election results, significant impact on domestic and international markets is expected, and the markets...
Please check here for more information.

The Nikkei average is gaining momentum, temporarily recovering the 40,000 yen level.
It is the rise of US stocks that is acting as a tailwind.
However, in the shadows, several concerns are arising such as the expansion of the fiscal deficit that could affect the credit rating of US bonds and the increase in mortgage interest rates.

On October 15, the Nikkei Average temporarily rose to the 0.04 million yen level.
What strongly influences this rise is the yen depreciation.
The statement from Prime Minister Ishiba that "We are not in an environment where we can raise interest rates" was seen by the market as giving up on additional rate hikes, leading to continued selling of the yen.
Additionally, the movements of the US stock market are also important. S&P 500, etc.
Please see more from here.

The debt of usa has been rapidly increasing and has finally reached 35 trillion dollars.
Furthermore, a staggering 16 trillion dollars of that will be repaid within 6 years.
This massive debt has reached a level where repayment is almost impossible with previous methods.
Renowned investor Mr. Ray Dalio also points out that this huge debt is reaching unsustainable levels.
Historically, US bonds have been considered one of the safest investments, but
their security is now in question.

The NASDAQ and S&P 500 hit new highs. Meanwhile, the US government's interest expenses
It has finally surpassed $1 trillion, and the US debt crisis is rumored.
How should investors prepare for an impending crash?
Here are actions to protect portfolios from collapse.
1. Portfolio position size adjustment: adjust the size of the investment position
It reduces risk.
2. Portfolio Rebalance: Rebalance your portfolio on a regular basis
Match current market conditions and investment goals.
3. Determining profit from extreme positions: selling overbought assets and undervaluing them
Purchase the assets that have been created.
4. Selling Delayed Stocks: Sell assets that are lagging behind in performance
Improve the overall performance of your portfolio.
5. Cash...
Please see the continuation here.

Due to the collapse of the commercial real estate bubble in the United States, chapter 2 of the regional bank collapse is viewed as uneasy
Concerns about burnout via REITs (real estate investment trusts) have become a source of anxiety even for major banks.
The Federal Reserve (US Federal Reserve) remains high due to concerns about such bank unease
Amid inflation, what kind of interest rate forecasts do you have?
Attention has been drawn to the “dot chart,” which summarizes the policy interest rate forecasts of each FOMC member to be announced on 6/12.
Please see the continuation here.