THE US stock market has continued to outpace global peers, with gains of 26% in 2023 and 29% year-to-date as at early December 2024. It now looks poised for another year of exceptional growth in 2025, but investors should tread carefully, with a changing political landscape and global economic shifts.

Both Standard Chartered and OCBC Bank share a positive outlook, noting that the incoming policies of President-elect Donald Trump will likely be pivotal in sustaining the growth trend.