Let me start with a prediction: the S&P 500 will gain about 5% this year—not great, but not bad, either.
This isn’t really a Nostradamus-level call: I’m simply annualizing the gain the market has posted so far in 2025, as of this writing.
We can think of this year as the middle stage of the business cycle—where inflation is cooling, the labor market is softening, and consumer spending is starting to slow (emphasis on starting to).
In other words, it’s the perfect setup for us to make sure we’re well diversified by looking at assets beyond stocks. At the top of our list?… Read more
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