A change in market expectations on US inflation and economic activity has driven the recent surge in bond yields.

Negative years like 2018 and 2022 are often followed by strong recoveries, as seen in 2023 and 2024.

A change in market expectations on US inflation and economic activity has driven the recent surge in bond yields.

Fed Chair Powell said they are at a point at which it would be appropriate to slow the pace of cuts.

Markets have the signpost that Chinese policymakers would like to conduct broad easing.

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.