January 2025 Market Snapshot

Rosemeyer Management Group

January in Review

F There’s a saying on Wall Street: ‘As goes January, so goes the year’ After finishing 2024 on a downbeat note, U.S. stocks came roaring back in January. According to a popular indicator known as the “January Barometer,” this could bode well for returns during the balance of 2025. But a busy month for markets ended with a cliffhanger on Friday, exposing worries about the potential blowback to the U.S. economy and financial markets from tariffs expected to be imposed by President Donald Trump on Saturday. The tariff announcement arrived at the close of what some described as a frenetic month for markets. Trump’s inauguration, a short-lived jump in Treasury yields, the first domestic aviation accident in the U.S. in 16 years, and the sudden arrival of Chinese artificial-intelligence model DeepSeek were just some of the highlights. For the month the S&P 500 advanced 2.78%.

Index	1 Month	Year-to-Date
Dow Jones Industrial Average	4.71%	4.71%
Standard & Poor's 500 Average	2.78%	2.78%
Russell 2000 (Small Cap Index)	2.62%	2.62%
Total U.S. Stock Market	3.10%	3.10%
MSCI ACWI ex USA (Intl. Index)	4.03%	4.03%
Barclay's U.S. Agg. Bond Index	0.52%	0.52%

Source: Morningstar

Looking Forward: What’s Ahead for Q3 & Beyond

While it’s important to know how the market has behaved over historical cycles, analyzing the current conditions for stocks and the economy matter, too. And crucially, many of the factors that have led to the strong bull run in stocks of late remain intact. What got us here? It is a strong consumer. It is strong incomes. It is strong wages. It’s an economy that is still growing nicely.

While a strong economy is a positive backdrop for stocks, their underlying fundamentals are what tend to drive prices. The big one of those earnings outlooks for companies in the S&P 500 – looks like a green flag, too. Overall, Wall Street estimates large U.S. companies will boost their earnings by 14.4% in 2025, following a 9.9% gain in 2024, according to data from SoFi and LSEG. All of this in a backdrop of Trump’s tariff decisions that also have the possibility of moving markets in a moment’s notice.

On a Personal Note

As we close out January, we hope your New Year’s resolutions are all in full swing! Our office is gearing up for the tax season ahead and making sure our clients have all of the tax documents needed to make filing go efficiently. Remember if you have a brokerage account, those documents do not come out until 2/15 and you definitely need those when filing taxes. Please reach out to us if we can help in any way. Since Punxsutawney Phil saw his shadow, we are not excited for six more weeks of winter… Wishing you a warm and safe February!

Rosemeyer Management Group

Licensed in CO, FL, IA, IL, MA, MN, MO, NV, NY, WA, WI, WV & TX J.P. Morgan Asset Management, July 1, 2025 · NASDAQ.com, July 1, 2025

Past performance doesn’t guarantee future results. The views and material presented in these materials were created and intended to provide background assistance and education. No product or service is offered in connection with the dissemination of this information, and no recommendation regarding the purchase or sale of any security is made, intended or should be implied by these materials.