We pinpoint five reasons why U.S. equities capped off a banner year in 2024 and why investors were willing to pay for premium valuations. We also offer thoughts on the environment in 2025 and how to approach portfolio positioning.

Are you a business owner looking to retire? Read how an employee stock ownership plan (ESOP) might align with your goals in this Investor’s Edge newsletter.

Tariffs can have many economic impacts, but we think investors should focus on the economic and political goals that are driving decision-making.