Summit Perspective Winter 2025
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Asking the Right Questions for 2025
The sun has officially set on 2024. As the New Year dawns, let’s pause to review our progress and look toward the possibilities that may lie ahead in 2025. Over the last 12 months, the equity markets made a mockery of Wall Street predictions, delivering another remarkable performance. This marks the second consecutive year in which the markets have outperformed industry forecasts.
At the start of the year, consensus estimates from major Wall Street firms projected approximately 6% growth for the S&P 500.1 This followed a near-universal expectation of a recession in 2023. Yet, contrary to these predictions, the S&P 500 delivered two consecutive years of growth exceeding 20%, despite the challenges of high interest rates, a contentious election cycle, and global unrest.
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