The year is coming to an end and after Powell’s statements on Wednesday evening, world stock markets spent the day licking their wounds. We took note that inflation was once again a problem and that as long as it did not give up on rising again, the FED could well also give up on lowering rates more than necessary. We find ourselves facing a market that is asking itself lots of questions and no longer knows what to do at the dawn of a new year. Everything seemed so simple three days ago and suddenly everything becomes complicated.
The Audio of December 20, 2024
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Take a break
The realization that nothing is simple and that everything is complicated is not easy to manage when the whole world is going to sit down at the table for the end-of-year holidays and right away, we don’t doesn’t really want to think anymore. At the end of this week which will be marked by a huge triple deadline while volatility has just exploded in recent days, stakeholders are wondering if it is worth fighting again. We also have the PCE which will be released this afternoon and which should bring up the subject of inflation, not to mention that the American government has not found a solution to avoid the “shutdown” a few days before Christmas.
In summary, there is not much more to say on my side, especially since we are going to take a break from the site’s publications until January. At this somewhat surprising end to the year when everything seemed perfect in a perfect world, when investors only saw the glass half full and no longer even heard the bad news, we find ourselves with an avalanche of questions that , for some will not find answers until next year. So it’s time to take a break, let the economy and the markets do their thing and try to think about something else for a few days.
As far as I am concerned, I would like to take the opportunity of this last column of the year to thank you all for having been there with me throughout this year which will have been marked once again by a spectacular bull market, by rates which have started to fall, but which could well tell a different story next year. A year which marked a turning point in the artificial intelligence “industry” and which saw Bitcoin cross the mythical $100,000 mark. Next year will mark my 19th year as a stock market columnist (since yes, it seems that it is a profession) and I know that without you, without your presence EVERY day, it would not have been possible.
THANK YOU FOR BEING THERE and thank you for being here this far. In a year, around this time, I will reach 5,000 stock market columns and I still have no desire to stop. Quite simply because I know you are there every morning.
It therefore remains for me to wish you and your families a very happy holiday season, have a good start to the New Year and we will see you again in 2025 for new adventures, new economic figures, new “surprises at home”. rise” and new “profit warnings”, full of Robotaxis, exploding debts, a government of jerks in France and a new President in the United States, a President who will have to manage Elon Musk as a politician and try to revive the economy without causing inflation to skyrocket. We will also have to find our way to go to $250,000 on Bitcoin, raise Apple or Nvidia to 4,000 billion market cap, revive the Chinese economy and try to have a not too bad year on the SMI who has been in a coma for too long (friendly thoughts to Nestlé, Roche and Novartis who are ending the year in depression).
In short, MERRY X-MAS and Happy New Year!!! See you again here in 2025, January 6 to be precise, good skiing for those who ski, toast, laugh, have fun, relax and see you next year!!!
Thomas Veillet
Investir.ch
« While the new year can be a scary new stranger, all you have to do is look at the joy of your past year to welcome what comes next. »
