Market On Open, Monday 6 January

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T-14

by Alex King, CEO, Cestrian Capital Research, Inc

Two weeks until the inauguration; two weeks for the market to continue to fret about what might be vs. what is. The question is, was the damp squib end to 2024 a reflection of cooling investor enthusiasm, or was it simply a rug pull for anyone loading up in advance of a Santa Rally?

I find sentiment at present to be rather strange. By all accounts, retail sentiment is very bullish, because (1) stocks are up, a lot and (2) the public perception is that a pro-market, highly capitalistic Administration is about to take the wheel. But smart money sentiment (meaning, anyone who considers themselves to be smart money) is mixed to negative; the most commonly repeated view seems to be, the waters will be choppy in 2025. I don't see much amongst "smart money" that is straight-up bullish, so I wonder to be honest whether in fact the most surprising (therefore most likely) outcome is just a continuation of the present bull market.

Short- And Medium-Term Market Analysis

Well, let's get to work.

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