Newsletter #2: Happy New Year

Welcome back to the second edition – and with it, we kick off 2025! New Year's Eve and New Year's Day are over, and the US markets have had a relatively quiet week. All three major US indices are down by only around 1% – after such a strong bull run in November and December, this is a conciliatory end to the year. FOMC – INTEREST RATE EXPECTATIONS The bull market thus remains intact, even though the technical structure of the indices has weakened with the wording from JPOW (Jerome Powell) at the last FOMC meeting on December 18, 2024. So far, neither the Nasdaq100 nor the S&P500 have been able to reach a new ATH...