European bonds have performed strongly over the second half of the year and remain appealing heading into 2025 thanks to projected ECB rate cuts.

In November, US consumer confidence surged, reflecting optimism from Trump's policies and a positive job outlook.

Gold prices have remained resilient this year, rising around 30% year-to-date.

Price pressures in the US and eurozone are abating, although some inflation components could be volatile.

US bond yields and the dollar rose on expectations that new government’s policies could boost economic growth.

The US economy grew at a stronger than expected pace in the third quarter, but the pace was slower than Q2

The S&P equal weighted index has outperformed the market-cap weighted S&P 500 since June.

Emerging markets are likely to drive global growth in the long term, led by favorable demographics and demand.

While inflation for September was above market expectations, one data point doesn’t make a long-term trend.

The yellow metal has delivered strong gains amid monetary easing and rising risks around international conflicts.

Chinese markets rose sharply on the back of optimism around stimulus measures announced by the PBoC.

The Fed cut rates in September for the first time since the Covid crisis, embarking on a new easing cycle.

The ECB cut its benchmark interest rates in the context of falling inflation and weak economic growth.

The S&P 500 (excluding mag 7) has delivered strong gains this quarter, outperforming the large tech stocks.

Gold remains a safe haven and diversification tool amid geopolitical tensions and high government debt, with prices hitting record highs in August, outperforming...