What investors can expect from stocks and the economy in 2025

There are reasons for investors to be hopeful about 2025, with slowing interest rates and moderating oil prices. But trouble may be brewing in bond markets

Businessman analyses the graph of trend market growth in 2025
(Image credit: Getty Images)

This will be “a year of living dangerously”, says Katie Martin in the Financial Times. After two successive years of 20%-plus gains, the Wall Street boom could be living on “borrowed time”. Incoming US president Donald Trump might deliver US tax cuts, deregulation and a Ukraine peace deal, allowing stocks to “party like it’s 1996”, says Henry Neville of the Man hedge fund. Alternatively, his tariff policies could cause an inflationary surge that unleashes a 2022-style stock and bond rout. “Fireworks lie ahead in either case.”

How returning inflation echoes a 1970s economy

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Markets editor

Alex is an investment writer who has been contributing to MoneyWeek since 2015. He has been the magazine’s markets editor since 2019. 

Alex has a passion for demystifying the often arcane world of finance for a general readership. While financial media tends to focus compulsively on the latest trend, the best opportunities can lie forgotten elsewhere. 

He is especially interested in European equities – where his fluent French helps him to cover the continent’s largest bourse – and emerging markets, where his experience living in Beijing, and conversational Chinese, prove useful. 

Hailing from Leeds, he studied Philosophy, Politics and Economics at the University of Oxford. He also holds a Master of Public Health from the University of Manchester.