SMID Cap Portfolio Review - December 2024
January 13, 2025
Stocks staggered to the finish line in 2024, with December seeing negative returns in an otherwise strong year for equity market investors. December started off positively, in the midst of a month-long market ral- ly spurred by the re-election of the more business-friendly Donald Trump to the US Presidency. But stocks soon trailed off, possibly in a ‘reversion to the mean’ trade. The selloff also came as concerns grew about the potentially inflationary effects of Trump’s proposed trade and immigration policies, and more importantly, due to the Federal Reserve’s unexpectedly hawkish comments at their December meeting, in which they projected higher inflation and a possible slowing of interest rate cuts in 2025.
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