
Is a stock-market three-peat in store for 2025?
After a brutal start to the '20s that saw us absorb two bear markets in three years, the bulls have taken full control of Wall Street. The S&P 500 delivered a 26% total return (price plus dividends) in 2023, and with 2024 nearly wrapped up, the ubiquitous equity index is pacing for a 20%-plus return yet again.