Are we Heading Towards a "Bullish Trumphoria"?

Robert Baharian of Baharian Wealth Management discusses the optimism in global stock markets as US stocks rally in November, marking significant gains, especially in the S&P 500, which rose about 28% including dividends. Robert notes the probability of continued positive performance in 2025.

He also highlights the potential risks of investor overconfidence with Trump returning to office. Robert suggests a market pullback might occur in 2025 but remains confident in a long-term secular bull market. Concerns about inflated equity valuations possibly masking consumer sentiment are mentioned .

Robert cites data indicating bullish consumer sentiment and increased home equity loan usage in the US, pointing to potential underlying economic strains. Despite lower inflation, he remarks on the high cost of living and suggests these factors could impact markets.

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