Part 3/9:
In analyzing stock market trends since the last presidential election, Elliot described a stagnation phase for major indices like the S&P 500. Investors appear to be struggling to reconcile high growth expectations against the backdrop of less-than-ideal fiscal policies. He speculated that many of the recently enacted policies are, unfortunately, negative for growth in the short term. A considerable uncertainty looms over whether the market can sustain growth rates anticipated for 2025, especially when recent policy decisions seem more contractionary.