A hot cup of coffee in front of the fireplace, smiling and laughing kids, a karaoke machine gets opened... I'm told I’ll miss these moments when they’re gone. Merry Christmas, everyone. 🎄🎶☕️

Wall Street's S&P500 outlooks for 2025 range from 7% to 19% gains, per Bloomberg:

Stocks tend to go up during most presidencies, regardless of who is in power. Don't mix politics with your portfolio.

A drawdown of some magnitude happens every year. Expect it, prepare for it, and embrace it. This is the reason why you earn a premium for owning stocks.

Sitting the market out and waiting for a "coast is clear" is a train wreck of a strategy. By the time the coast is clear, many of the best days and biggest gains will have already passed.

The S&P 500 is now down over 6% from its peak on February 19, the largest pullback since last August. This is the 30th correction >5% off of a high since the March 2009 low. They all seemed like the end of the world at the time. $SPX creativeplanning.com/charlie/

Trump’s new tariffs aren’t a trade tweak—they’re the first move in a full-spectrum reset. $9.2T in debt matures in 2025. Inflation lingers. Alliances are shifting. One announcement just set a dozen wheels in motion. Here’s what’s really happening—and why it matters 🧵