If there is a record high in December, the next year will be looked further better. S&P will have an expectation of more than average which is just 12% only. Anyway, it depends on the speech of Jeromy Powell after the FOMC meeting. Even if he made clear there would not be any changes after the 25 base points of rate cut, we still have to see how Kevin Hassett’s wordings are. This new chair will hold the FOMC meeting in June, that means the market still have to suffer for half a year.
As for the coming year, AI still will be the major trend of stock market, but mind that Bank of Japan will increase the interest rate and Federal Reserve will cut the interest rate. This will bring some turmoil in the market. Price of gold and crypto will rise. Why I take out the recommendations of Bank of America of holding 1%-4% crypto for retail investors? The fact is that if you don’t watch a stock or crypto or gold, after a certain period, you will ask why it goes up so quickly and want to buy at once, but when you realize it, it is very near the top and your entry will be trapped. If you watch it daily, you will find why it goes up so slow. No matter for what kind of product or stock it is. This can apply to gold or Forex of any stock or product.
If you hold just 1% or even 0.5% of crypto in your investment, you will be cool enough, and always ask why it goes up so slowly. If you don’t hold any percentage, after a period of time when watching it, you will be surprised why it goes up so quickly. The problem is not on the speed of rising; it is on the watching of investor. Anyway, 1%-4% of total investment in ETF of crypto is suitable for most retail investors. You can adjust upward or downward, but the focus is to let you keep an eye on it. No need to change the upper limit, but the lower limit can be 0.5% or 0.25%. A smart investor should know everything concerning the market and that’s all.