If 2025 = 2000, Here's How The Year Unfolds

By Dhaval Joshi, chief strategist at BCA Research

Executive Summary

• A good investment playbook is: 2025 = ‘2000 with some tweaks.’
• The key similarities between 2025 and 2000 are:
  • The stock market is in a countertrend rally through the early summer before the tech bubble resumes its deflation; the US economy is not going into imminent recession; and the Fed is unlikely to cut rates much, if at all.