This story appears in the December/January 2025 issue of Forbes Magazine. Subscribe
The so-called Trump trade capped two years of gains for investors. Now it’s time to buckle up and protect the wealth you have.
Edited by Janet Novack and Matt Schifrin, Forbes Staff
The last two years of the Biden Administration have been blissful for stock investors. The S&P 500 has gained 60% and the tech stock–heavy Nasdaq 100 has nearly doubled. Bitcoin is up fourfold. But history teaches us that bull markets don’t last forever, and when they…