LPL Research Presents Outlook 2025:

Pragmatic Optimism

As we look ahead to 2025, we remain cautiously optimistic. Cautious because we know that no market environment is ever permanent, and that change is always potentially around the corner. Optimistic because
we recognize constructive long-term technology trends are in place. Plus, potential tax policy and deregulation efforts in 2025 could provide some semblance of a tailwind — particularly from an economic perspective. While growth asset returns are not expected to be as robust as 2024, 2025’s investment environment should prove to be favorable for investors.