Doubling Down

A quick follow-up to yesterday’s big recap article: as the year winds down, markets are showing an unusual trend: investors are favoring winners rather than spreading capital more evenly. Growth stocks are soaring to new highs while value stocks struggle, and US Treasuries continue to sell off sharply. This dynamic is unfolding amid political and monetary shifts, including Donald Trump’s victory and a strengthening US dollar, which has hit currencies like the Canadian dollar and Mexican peso. Driven by a mix of FOMO and shifting investor sentiment, the question now is whether these trends mark a temporary anomaly or a deeper shift as we head into 2025.