Predictions make for great headlines, but they don’t always come to fruition. In this episode of the Trending Report, we reflect on how some of the big market predictions for 2024 worked out and talk about the importance of unemotional investing and focusing on trendlines over headlines.
A new study from Cerulli Associates and Invesco finds that North American institutional asset owners have nearly doubled their exchange-traded fund holdings over the past five years — a transformation that is no longer about experimentation and is increasingly about building the core of a portfolio.
What the market latched onto was the combination of margin expansion that defied expectations, a free cash flow figure that turned what analysts thought would be a deficit into a surplus, and a series of operational milestones like the robotaxi expansion that reinforced the narrative of a company executing on its autonomous and AI ambitions.