The Republican Party has retained a narrow majority in the US House, granting President-elect Trump unified control to pursue his policy agenda, including tax cuts and deregulation. However, a slim majority may limit some initiatives amid rising US deficits. Investors are advised to diversify portfolios, focusing on trends like falling interest rates, AI growth, and gold as a hedge, while considering alternative investments for those who can manage associated risks.
CIO maintains that crypto assets are speculative trades, highlighting Bitcoin's volatility and correlation with global equities. While the crypto market rallies, the focus remains on equities, particularly in tech and AI, supported by solid US economic growth and favorable macro conditions. The expectation is for continued earnings growth and a positive outlook for sectors like utilities and financials.
Spot gold prices dropped over 2% due to a stronger US dollar and uncertainty surrounding the Federal Reserve's rate outlook. The DXY dollar index reached its highest level since July, while expectations for a December rate cut diminished. Despite this sell-off, fundamentals remain supportive for gold, with a target of USD 2,900/oz by September 2025, suggesting investors should consider buying on dips toward USD 2,600/oz.
Balanced portfolios are essential for preserving and growing wealth amid economic uncertainties, including geopolitical tensions and upcoming US elections. With US stocks up 24% and global stocks 18% year-to-date, diversification across asset classes is crucial for mitigating volatility and enhancing long-term returns. Investors are encouraged to maintain a long-term perspective and strategically navigate market fluctuations.
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