The old saying goes, “Markets don’t always go up because of what happens, but often because of what doesn’t happen.” The past year saw markets move higher while several expectations entering 2024 did not come to fruition. A recession did not occur, the economy did not stop growing, corporate earnings did not fall flat, inflation did not climb again, the Fed did not eschew rate cuts, and the presidential election did not deteriorate into a drawn-out period of uncertainty. Today, the question is, what won’t happen in 2025? Look ahead with a new Market Pulse from Tom Wald, Transamerica Asset Management, Inc., CIO. Hear Tom break down expectations and offer his year-end forecasts for stocks and fixed income, the economy, inflation, and much more. Get insight and analysis to help you be ready to pursue your investing goals in 2025.