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"Even though I don't think we're going to have a recession, but I think we're going to be worried about it again," Paulsen said.

(Bloomberg) -- A US judge reset the bidding process for the parent company of Citgo Petroleum Corp. late Tuesday, a move that is poised to create competition for Elliott Investment Management’s pursuit of the oil refiner. Most Read from BloombergIs This Weird Dome the Future of Watching Sports?NYPD Seeking Gunmen After 10 People Wounded Outside Queens VenueDetroit’s Michigan Central Is the Building Revival Story of 2024Burned Out Parents Need Better Public SpacesA Commuting Resolution for 2025:

"Bottom line, for stocks to enjoy a good year in 2025, policy from the Trump administration will have to deliver more benefits than costs," LPL said.

The market's stretched valuations threaten long-term returns, with several indicators nearing levels last seen right before the steep pullback in 2022, Rosenberg Research said.

At the end of a second consecutive year during which the S 500 has risen more than 20%, two things investors need to remember are that time tends to smooth out performance and that the index is weighted by market capitalization. This means large companies can support the S 500’s gain even as dozens of stocks in the index get pummeled.

Indexes rose moderately to kick off the final session of 2024, with traders getting ready to close out a year of stellar gains.

The latest crypto boom will mean massive Q4 results, but also positions Robinhood and Coinbase to be long-term winners.