Reflecting on the ups and downs of markets in 2024 and sharing his outlook for 2025, Pete Wasko, Senior Portfolio Manager, Copia Capital, tells us why he believes that caution is warranted when it comes to US large cap growth stocks and why valuations of UK equities are compelling.
As we approach the end of another year, it’s easy to forget that there were ever years that weren’t so turbulent – both in markets and in general. The last 12 months have been no exception, with political upheaval taking centre stage. Looking ahead to 2025, we’ll be paying close attention to the impact of both the UK’s Autumn Budget, and of course also the small matter of Donald Trump’s re-election in the US.
Where are we right now?
Looking at where things stand as we close the year, one of the most notable differences compared to 2023 is that, while the US has continued to dominate the market cap landscape – and the headlines,…
