Issue 17: Closing In On 2025

20 February 2025

The global business cycle expansion is set to continue. While the profit and investment cycles have moderated slightly, they remain in an upswing. 2H24 will be better than 1H. Inflation will pick up cyclically but won’t  spike.  Stock market volatility will persist, with diverging performance and subdued  gains compared with 2024. Trading Post’s top picks are the US and Japan in the advanced world and Taiwan, Korea and India in Asia. The stance on China has shifted from  underweight to neutral on China, with a selective approach to stock buying.