Latest / Paramount Wealth Perspectives / Fun Facts from 2024 - 1/13/25

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Fun Facts from 2024 - 1/13/25 · Paramount Wealth Perspectives

• 0:00
  Chris Coyle: Intro song game on.
• 0:12
  Chris Coyle: Hello, everyone.
• 0:13
  Chris Coyle: Welcome to paramount wealth perspectives.
• 0:15
  Chris Coyle: Your go-to podcast for the latest updates on global markets and current economic events.
• 0:21
  Chris Coyle: This is your host, Chris Coyle.
• 0:23
  Chris Coyle: Each week we strive to bring you expert analysis on market trends, economic shifts.
• 0:28
  Chris Coyle: And key financial developments from around the world.
• 0:32
  Chris Coyle: Whether you're an investor business leader.
• 0:34
  Chris Coyle: Or simply curious about the global economy.
• 0:37
  Chris Coyle: Our podcast is here to keep you informed and ahead of the curve.
• 0:41
  Chris Coyle: Now let's dive into the markets and explore what shaping the world of finance today.
• 0:46
  Chris Coyle: Here with us today.
• 0:47
  Chris Coyle: We have Scott Tremlett chief investment officer and managing partner at paramount associates, wealth management.
• 0:53
  Chris Coyle: Scott.
• 0:54
  Chris Coyle: Looking back to last week.
• 0:56
  Chris Coyle: What are some major events you would like to highlight?
• 0:59
  Thank you, Chris.
• 1:00
  Markets dropped across the board.
• 1:02
  Last week is strong job numbers, pushed markets down on Friday.
• 1:06
  Markets are attempting to price in the trajectory of the federal reserve policy for 2025.
• 1:12
  We will see what transpires, but I don't see the quarterly rate cuts.
• 1:15
  Some researchers are expecting.
• 1:17
  2024 was an interesting year.
• 1:20
  Chris, 20, 25 may prove interesting as well.
• 1:24
  Well, Scott, I'm certainly eager to see how 20, 25 transpires.
• 1:28
  And I would have to agree with you about the rate cuts.
• 1:31
  Can you highlight what most intrigued you from last year?
• 1:34
  Here's some fun facts on 2024, Chris.
• 1:37
  In no particular order of importance here in the U S the Dow Jones industrial average surpassed 40,000 for the first time.
• 1:48
  The S and P 500 had 59 all time highs in 2024.
• 1:54
  With 64% of the returns driven by the top 10 names alone.
• 2:00
  The S and P 500 end of the year up over 23%.
• 2:04
  But if you wait all 500 names equally, The equal weight S and P was up only 11% for the year.
• 2:13
  4,950.
• 2:15
  Was the median strategic forecast for the S and P 500.
• 2:20
  Which ended the year over 6,000.
• 2:24
  Nydia.
• 2:25
  Became the largest company in the world.
• 2:28
  As its market cap, surpassed$3 trillion in June.
• 2:33
  Surpassing Microsoft as the world's most valuable company.
• 2:38
  Palentier was the best performing S and P 500 stock.
• 2:42
  Returning almost 350% for the year.
• 2:47
  Despite the federal reserve, reducing the policy rate by 1% in the year.
• 2:53
  The 10-year treasury rate increased by almost 70 basis points.
• 2:57
  Volatility.
• 2:59
  Or the VIX hit its second highest level ever in August.
• 3:04
  Following the unwinding of the, Yen carry trade.
• 3:07
  And weak labor data in the U S.
• 3:10
  Gold rose 27% for the year.
• 3:14
  Marking it's best year since 2010.
• 3:16
  And hitting an all time high.
• 3:19
  Unemployment.
• 3:20
  Rose from 3.7% to 4.2%.
• 3:25
  Even though non-farm employment grew by nearly 2 million jobs through November.
• 3:31
  Consumer inflation or CPI.
• 3:33
  Dropped from 3.3% to 2.7% in November.
• 3:39
  Moving overseas, the bank of Japan hiked rates for the first time, since 2007.
• 3:45
  Japan was the only developed market to increase rates in 2024.
• 3:51
  The Turkey central bank hiked its policy rate by 5% in March alone.
• 3:56
  The largest single policy rate hike in Europe.
• 3:59
  Staying with Europe.
• 4:01
  The European central bank cut policy rates without facing a recession for the first time ever.
• 4:08
  Moving east.
• 4:10
  South Korea's president was impeached after declaring martial law against his opposition.
• 4:16
  Hong Kong stock market had his largest weekly gain in September ever.
• 4:22
  Globally.
• 4:24
  10 of 10 incumbents lost reelection.
• 4:28
  In all 10 countries that held elections in 2024.
• 4:32
  This is the first time this has happened in 120 years.
• 4:37
  Thanks for all that interesting information, Scott.
• 4:40
  And to all our listeners, if you are interested in looking at any of these facts again, you can find them on our transcript on our Buzzsprout homepage.
• 4:49
  Now Scott, is there anything else that happened that you would like to highlight from last year?
• 4:54
  A few more fun facts, Chris.
• 4:57
  Space X became the first company to intercept a rocket midair.
• 5:02
  Taylor swift.
• 5:04
  Won a Grammy for album of the year and is estimated that her era's tour grew the global economy by over$9 billion.
• 5:14
  Scottie Scheffler won the 2024 masters golf tournament.
• 5:18
  And they're in$3.6 million.
• 5:21
  That is an average of$12,950 per shop.
• 5:27
  And I forgot.
• 5:28
  Joe Biden with drew from the election 29 days before the democratic national convention.
• 5:37
  And last but not least.
• 5:39
  Donald Trump.
• 5:40
  One, the us presidency.
• 5:42
  For his second non-consecutive term.
• 5:46
  Well, it sounds like it was the year of Scottie and Taylor and I certainly wish I made$13,000 on every golf shot.
• 5:53
  But getting back to what I know you love economics and investing.
• 5:57
  What are you anticipating for 2025.
• 6:00
  It was a crazy 20, 24, Chris.
• 6:03
  And I see another crazy 20, 25.
• 6:07
  Next week.
• 6:07
  I will share my list of projections for 2025.
• 6:11
  I keep it as a scorecard.
• 6:12
  That will review throughout the year.
• 6:15
  This week we have producer inflation and consumer inflation.
• 6:19
  We have a number of international monetary policy announcements.
• 6:23
  Several numbers from China.
• 6:25
  We'll see how the stimulus is working there.
• 6:27
  And the ever important us retail sales number on Thursday.
• 6:33
  Well, we will certainly have to keep on the lookout for those reports and trends.
• 6:38
  And I'm sure we will have plenty to discuss next Monday.
• 6:41
  For now stay informed.
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  Stay ahead.
• 6:45
  And join us next week for more key updates shaping the global economy.
• 6:49
  Thank you for tuning into paramount wealth perspectives.
• 6:53
  We hope you all have a fantastic week.