Stocks Are Skipping 'Santa Claus Rally' Again. That Doesn't Bode Well for January
In 2024, Goldman Sachs traders summarized 18 memorable points.
According to Pasquariello, the head of Goldman Sachs' Hedge Fund Business, in 2024, the stock prices of the seven major Technology giants in the U.S. surged by 48%, creating an additional Market Cap of 6 trillion dollars. Although large Technology stocks continue to act as the "locomotive" of the market, this year's market has also demonstrated good breadth. It is believed that the main driving force of the market will shift towards profit growth in the next phase.
GTJA: Will US bonds and US stocks once again show a "teeter-totter" effect?
Compared to last April, the market is clearly more optimistic about the USA economy and the US stock market, which in some way also implies a more pessimistic view on the Bonds market.
US Stock Futures Fall in Cautious Start to 2025
Wall Street Ends Lower As 2024 Closes On A High Note
Goldman Sachs top traders: The performance of the US stock market has been too surprising in the past two weeks; caution is needed in 2025!
The S&P 500 Index closed the year with four consecutive days of decline, marking the longest year-end decline since 1966. Garrett, a top trader at Goldman Sachs, stated that the market performance in the last two weeks of this year deviated significantly from his original expectations, and there are signs that the market will not be calm in the first year of Trump's second term. Goldman Sachs recommends allocating some funds to Gold and protecting against market downturns with 6-month Options.
