Stray Reflections A year in reflection
Jan 7, 2025
The discussion begins by reflecting on the economic landscape and the resilience of the U.S. labor market in 2024. Notable trends in global markets, particularly regarding Chinese stocks and the S&P 500, are explored. The impact of volatile cryptocurrencies, especially Bitcoin, serves as a focal point for investment strategies. Listeners will find insights into fiscal policies, upcoming elections, and the challenges posed by economic uncertainties, all leading to a thoughtful consideration of lessons learned from the past year.
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2024 Economic Resilience
- Despite aggressive rate hikes, the US economy remained resilient in early 2024.
- Labor market strength, rising real wages, and stable credit suggested a potential Fed pivot towards growth.
Value of Doing Nothing
- Embrace the wisdom of Winnie the Pooh: "Don't underestimate the value of doing nothing."
- Practice patience and attentiveness.
Bullish on China
- While the CSI 300 and Hang Seng experienced multi-year declines, Stray Reflections held a bullish outlook on Chinese stocks.
- They questioned whether President Xi could rekindle a bull market.
