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Investment Weekly

Rising policy uncertainty and market volatility in 2025
29 November 2024
    Articles

    Chart of the week – Rising policy uncertainty and market volatility in 2025

    Chart of the week – A difficult starting point for US stock valuations

    Rising uncertainty over economic and trade policy has been hanging over global markets in recent weeks. It’s the kind of anxiety that typically goes hand-in-hand with higher stock market volatility. For now, US stocks remain in a strong uptrend. But with market multiples pricing perfection (the S&P 500 hit another new high this week), bond yields still elevated, and growth cooling into 2025 – can calm conditions last?

    More from this week:

    Market Spotlight

    • Going private

    Lens on…

    • Upbeat on EM credit
    • Asia’s solid earnings
    • Euro woes

    Download the full report PDF, 448KB

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