---
title: "Wall Street Banks Project Upward Trajectory for Stocks and Bonds in 2025 Despite Trump Uncertainty"
publisher: "Stockmark.IT"
author: "Stockmark.IT Website"
published: "2024-12-23T05:05:18+00:00"
modified: "2024-12-22T21:08:18+00:00"
date: 2024-12-23
canonical: "https://stockmark.it/wall-street-banks-project-upward-trajectory-for-stocks-and-bonds-in-2025-despite-trump-uncertainty/"
category: "Financial"
categories: ["Financial", "Global Economy", "Markets"]
image: "https://i0.wp.com/stockmark.it/wp-content/uploads/stencil.default-5-2.jpg?fit=1200%2C800&quality=89&ssl=1"
format: "news"
language: "en-GB"
---

# Wall Street Banks Project Upward Trajectory for Stocks and Bonds in 2025 Despite Trump Uncertainty

**Published:** December 23, 2024
**Author:** Stockmark.IT Website
**Categories:** Financial, Global Economy, Markets
**Featured image:** ![Wall Street subway station sign. Stocks and bonds. from Stockmark.it](https://i0.wp.com/stockmark.it/wp-content/uploads/stencil.default-5-2.jpg?fit=1200%2C800&quality=89&ssl=1)

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Leading financial institutions are forecasting positive gains for both equity and bond markets in 2025, though Donald Trump’s anticipated policy decisions loom as a significant variable for investors. A Financial Times survey of ten major banks, including Goldman Sachs, Bank of America, and HSBC, reveals a predominantly optimistic outlook, with many expecting current market trends to persist.

The bond market outlook suggests a decline in US government bond yields as inflation eases during the first half of 2025. Strategists project the US 10-year yield to decrease to approximately 4.1 per cent from its current 4.49 per cent position. Morgan Stanley presents an optimistic forecast of 3.6 per cent, whilst Deutsche Bank anticipates an increase to 4.7 per cent.

Regarding equities, nine out of ten surveyed banks expect the S&P 500 index to climb roughly 10 per cent to around 6,550 points in 2025. The index has demonstrated remarkable performance in 2024, surging 23 per cent to approximately 5,930. Deutsche Bank stands out with a particularly bullish projection of 7,000 points, citing sustained US economic strength and continued investor enthusiasm for artificial intelligence stocks.

Currency markets are expected to see continued dollar strength, with more than half of the surveyed banks predicting Trump’s policies will drive further appreciation. Deutsche Bank’s bold forecast suggests dollar-euro parity, marking a significant shift from current levels.

Gold’s trajectory remains positive, with analysts anticipating continued demand from central banks amid persistent geopolitical tensions. Goldman Sachs and Bank of America project a 13 per cent increase to $3,000 per troy ounce, though this represents a moderation from 2024’s exceptional gains.

Oil markets present a more subdued outlook, with banks forecasting Brent crude to decline to approximately $70 per barrel by late 2025, despite OPEC+’s recent production restraint measures. This projection reflects expectations of non-OPEC production growth outpacing demand in the coming year.

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**Original URL:** https://stockmark.it/wall-street-banks-project-upward-trajectory-for-stocks-and-bonds-in-2025-despite-trump-uncertainty/
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