This market-timing model nailed the 2022 meltdown. Now it’s warning that stocks are a ‘dead cold sell.’ Traders shouldn’t bet on another year of double-digit gains for U.S. stocks in 2025, analyst warns.

Stocks rallied and yields plunged as markets cheered Scott Bessent as Trump's pick to run the Treasury. The Dow and the Russell 2000 hit fresh records.

The pick of Scott Bessent as Treasury secretary has changed the market's mood, says Kit Juckes, chief currency strategist at Societe Generale. Stock futures are up, and both bond yields and the dollar are down.

Stocks closed higher on Wall Street, sending the Dow Jones Industrial Average to another all-time high. The Dow added 1% Monday to the record it set on Friday. The S&P 500 rose 0.3%, while the Nasdaq composite rose 0.

The dollar rallied sharply on Tuesday after U.S. President-elect Donald Trump pledged tariffs on all imports from Canada and Mexico, and additional tariffs on China. Asian stocks declined, giving back some of the robust gains of the previous session,

The stock market is on fire, and Donald Trump’s election win is the match that lit it. The S&P 500 hit record highs as investors jumped on the so-called Trump trade, banking on the president’s pro-business policies.