The markets kicked off 2025 with volatility, reminding investors that pullbacks are normal— and even healthy— after the gains of 2023 and 2024. This year, we’re expecting more measured growth, but paired with a resilient economy.

 

Watch our 2025 Year-Ahead Market Update video below to hear more insights.

 

For more information, see our written commentary here.

 

*Note: this video was filmed on January 17, 2025

Source: Data for Change in Consumer Price Index (CPI-All) Year-Over-Year chart from U.S. Bureau of Labor Statistics, 2024.