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Q4 2024 Commentary: Defying Expectations, Embracing Optimization
Markets vigorously adjusted expectations for a new regulatory, economic, and geopolitical landscape driven by U.S. politics. But going forward, technological innovation and economic resilience has far more impact on investors over the long, and even intermediate term. The economy features consistent growth, slowly moderating inflation, and a strong labor market. These support a positive long-term outlook for the market, but do not guarantee short-term returns, as the market will react to economic and policy changes.
