2024 Should Be a Positive Market Year

Commentary At the World Economic Forum in Davos, Switzerland, many European leaders exhibited their “Trump derangement syndrome” (TDS), fearing a second term by former President Donald Trump seemingly more than a series of wars around the world now going on, or global warming fears, or global recessions. With Florida Governor Ron DeSantis dropping out of the race and endorsing Donald Trump just before the New Hampshire primary, it now appears that the former president will lock up the GOP nomination faster than any non-incumbent has ever done. Still, we should be prepared for some twists and turns in the presidential race throughout this year. The bottom line is that the most positive candidate is typically elected, and that positive energy helps to boost both consumer and investor confidence. Furthermore, a series of key interest-rate cuts by the Federal Reserve are expected to send the stock market higher—right up to election day in November—so we have a lot to look forward to....