deVere CEO Predicts Strong Period for Stock Investments in December
According to Nigel Green, CEO of deVere Group, one of the world's leading independent financial consulting and asset management companies, investors may see December as a promising month for investing in the markets. Green's optimistic view is based on the current stock market momentum, historical trends, and the expected economic policies of elected President Donald Trump.
Green notes that the stock market has undergone an extraordinary year, with Wall Street recording 54 new highs just in 2024. He predicts that the historical pattern of strong investor activity and positive returns during December is likely to continue, estimating an 80% chance of another positive close for the month.
The agenda of the incoming Trump administration, which is expected to include tax cuts and regulatory easing, is seen as a catalyst for economic expansion. This could potentially lower operational costs for businesses and create new growth opportunities. Despite some concerns regarding protectionist trade policies, deVere Group believes that the overall policy framework will support long-term growth.
Investors are encouraged to reassess their strategies and focus on sectors that could benefit from a more business-friendly environment. The market’s resilience provides a solid rationale for investors to maintain a long-term outlook and continue investing.
Green points out that historical strength, seasonal patterns, and pro-growth sentiment indicate an extended window of opportunity for investors. With expectations of reduced regulatory barriers and strategic financial initiatives, sectors are anticipated to see increased profitability, which is expected to lead to further expansion and innovation.
In conclusion, Green emphasizes that capitalizing on these open opportunities will be crucial for investors aiming to build long-term wealth. While being aware of global uncertainties is important, expectations for sustained market gains present a compelling narrative for investors.