Outlook 2025: Will the Fed Fumble Once Again?
Bert Clark, President and CEO of Investment Management Corporation of Ontario, wrote a comment for the Financial Post over the holidays stating the S&P 500’s performance in 2024 made investing look easy, so why bother with strategy: The S&P 500 has been on something of a tear. Total returns so far this year (as of Dec. 23), have been 26 per cent. That’s on top of total returns of 26 per cent in 2023. This is the kind of investment performance that can make some investors wonder whether Warren Buffet was right when he suggested that, for most people, the best thing to do is own the S&P 500 index. Whether this is the right investment strategy for an investor is something they would need to decide. This is in no way meant to challenge Buffet’s investment perspective. Or, for that matter, to suggest an alternative strategy for individual investors. But recency bias can be powerful. So, with the S&P 500 up as much as it has been over the past few years, it is a good...