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Investors are focused on the possible extension of the stock market’s bull rally towards 2025.
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Wall Street experts highlighted the top stock market charts to watch next year.
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From interest rates to software stocks, here’s what Wall Street’s top tech experts are watching.
After back-to-back years of strong stock market performance, investors are fixated on whether this will happen the bull rally will extend until 2025.
To get a better idea of what investors should pay attention to next year, Business Insider reached out to Wall Street’s top tech experts and asked them: What’s the most important stock market chart heading into 2025?
From interest rates to software stocks, here’s what they’re looking at.
Will Tamplin, Fairlead Strategies
“In December, the S&P 500 Index (SPX) nearly met a measured move projection of 6118, which was targeted for a breakout in the first quarter of this year. The measured move projects the 2020-2021 uptrend from the 2022 low. This indicates that an extended period of consolidation is likely in the first half of 2025. The monthly MACD histogram suggests that the momentum behind the uptrend in the fourth quarter has started to taper off, which is the corrective price action to start 2025,” Will Tamplin, senior analyst at Fairlead Strategies, told Business Insider.
Ryan Detrick, Carson Group
“Bull markets are like cruise ships: once they start moving, they can be hard to stop. Going back fifty years, when a bull market reached its third year, history said there could be many more left. The five most recent bull markets that made it this far lasted at least until their fifth anniversary, with an average gain of eight years, so don’t give up on bull markets in 2025 just yet,” said Ryan Detrick, chief market strategist at Carson. Group told Business Insider.
Craig Johnson, Piper Sandler
“The 10-year UST yield has reversed a long-term downward trend from the 1981 highs. The higher high above 3.25 (’18 highs) also validates the multi-decade reversal. Historically, after an uptrend or downtrend reversal, a retest usually occurs. ” Craig Johnson, chief market engineer at Piper Sandler, told Business Insider.
He added: “We suspect this pullback/pullback to prior resistance to find support around 3.00% – 3.50% will occur in the second half of 2025. A decisive break below that level could indicate that the economy is in serious trouble. Until then, remember that the Fed’s slow and moderate rate cuts have historically been bullish for stocks, especially small and mid-cap stocks.”
Ari Wald, Oppenheimer