Welcome to a special edition of the Markets A.M. newsletter featuring articles from today's Investing Monthly report. The report offers insights and advice for investors, as well as a look back at market highlights from December and the full year. In our featured article, 10 financial professionals share their outlook on markets and the economy in 2025.
Also featured: how economic-policy uncertainty affects stocks and bonds, and our Young Money columnist shares how she lives frugally most of the year but allows herself a birthday splurge.
This newsletter was compiled by WSJ Reports editor Brian Hershberg, or @brianhershberg on X . Read the full report here .
CONTENT FROM: Goldman Sachs Global GDP growth is expected to remain strong despite trade uncertainty
Goldman Sachs Research expects worldwide GDP to expand 2.7% in 2025. Factors driving the growth include rebalanced labor markets, slowing inflation, and normalizing interest rates. Read the 2025 Global Macro Outlook from Goldman Sachs Research.
Read more.
Where to Invest Your Money in 2025
Ten investing and economic experts gave us their outlook for stock and bond markets in 2025 . One takeaway: Another year of 20%-plus gains isn't likely.
Enjoying this newsletter? Get more from WSJ and support our journalism by subscribing today with this special offer . Why You Might Want to Avoid Stocks When Economic-Policy Uncertainty Is High
How does economic-policy uncertainty affect investors' portfolios? Stocks, especially small-caps, do best when uncertainty is low. But bonds are best when it is elevated or jumps.
Why a Birthday Splurge Is So Special After a Year of Frugal Living
Young Money: Our columnist's frugal upbringing has stuck with her into young adulthood-except for one day a year when she allows herself to splurge and enjoy an experience with friends.
For These Active Retirees, Learning to Be Happy at Home Is This Year's Goal
Retirement Rookies: Our columnists have always looked for adventure by traveling. But maybe they can learn to satisfy their hunger for new experiences closer to home this year.
Stock Funds Rose 17.4% in 2024, Led by Large-Cap Growth Funds
Large-cap growth funds leapt 30% during 2024, leading the broader universe of U.S. stock funds to a 17.4% gain on the year . Bond funds were up 1.8% for the year.
In Case You Missed It
Some stories from our Investing Monthly report in December
How Parents Can Help Their Boomerang Child-Without Derailing Their Own Retirement Why Few Bond Funds Are Passively Managed, and How to Create Your Own Market Timing Has Picked Up Since Covid. It Has Cost Investors Dearly. Taking Advice From Our Kids? It's All Part of Aging About Us
We want to be the first place you go to get ready for the opening bell every day. This newsletter is written and edited by our Markets team. Reach them by replying to any newsletter you receive.
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
January 06, 2025 11:40 ET (16:40 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.