Back to Back Bulls
The S&P 500 rose to an all-time high in the fourth quarter and extended 2024’s gains as the Presidential election (finally!) moved into the rear-view mirror. Despite a few modest wobbles during the year, corporate earnings growth topped most expectations, the US economy remained on solid footing and the Fed began easing interest rates. The S&P 500 logged a modestly positive return for the fourth quarter, delivering the second-straight year of…