---
title: The Long Run January 2025 — Reynders, McVeigh Capital Management
description: As the editors of  The Free Press  noted on December 21, 2024, “The past year has been marked by wars in the Middle East and in Ukraine, a presidential election
image: https://blog.reyndersmcveigh.com/hubfs/Imported_Blog_Media/Screenshot%202025-01-30%20at%2015_58_10.png
---

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 Jan 30

# The Long Run January 2025

![Screenshot 2025-01-30 at 15_58_10](https://blog.reyndersmcveigh.com/hs-fs/hubfs/Imported_Blog_Media/Screenshot%202025-01-30%20at%2015_58_10.png?width=1111&height=346&name=Screenshot%202025-01-30%20at%2015_58_10.png)

As the editors of *The Free Press* noted on December 21, 2024, “The past year has been marked by wars in the Middle East and in Ukraine, a presidential election, Peanut the Squirrel, the resignation of the president of Harvard, a solar eclipse, a disastrous hurricane in North Carolina, the launch of Starship, the Summer Olympics, the release of Evan Gershkovich, the death of Alexei Navalny, the fall of the Assad regime, a leap forward in generative AI, a coup in Bolivia, assassination attempts on Donald Trump, the murder of a healthcare CEO, and suspicious drones in our skies.” 

Despite all this upheaval, stock markets enjoyed surprisingly large gains, even if not as positive as the headlines indicated. The S&P 500 index gained 25% in 2024, though the Magnificent 7 stocks (Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla) provided 53.7% of the return. The other 493 S&P 500 stocks went up by just 11.58%. 

[Print and Download the newsletter here](https://reyndersmcveigh.com/s/The-Long-Run-January-2025.pdf)

- ## [Jamie Hobkirk quoted in Yahoo! Finance](https://blog.reyndersmcveigh.com/insights/jamie-hobkirk-quoted-in-yahoo-finance)
- ## [Q&A: Getting to know Jamie Hobkirk, CFA, CFP®](https://blog.reyndersmcveigh.com/insights/jamie-hobkirk-q-and-a)

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 Important disclosures. Views expressed within Insights are those of the authors as of the time of publication; such views are subject to change at any time based on market or other conditions. These views are not intended to be a forecast of future events or a guarantee of future results and may not be relied upon as investment advice. The information contained herein has been prepared from sources believed reliable but is not guaranteed by us as to its timeliness or accuracy, and is not a complete summary or statement of all available data. This is not a recommendation to buy or sell the securities mentioned. Any securities mentioned were selected on an objective basis for illustrative purposes and do not represent all of the securities purchased, sold or recommended. It should not be assumed that investments in any securities mentioned has been or will be profitable. The securities do not represent all of the securities purchased, sold or recommended for advisory clients.Past performance is no guarantee of future results. Every investment carries the potential for both profit and loss.

 Past performance is no guarantee of future results. Every investment carries the potential for both profit and loss.

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