It's not too early to talk about 2025 🗓️

Remember: Stocks discount the future 🤔

An AI-generated image of a calendar.

While it’s easy to get caught up in the present, it’s important for investors to be thinking about the future.

After all, stocks are discounting mechanisms, meaning they reflect expectations for the future.

With that in mind, I’d turn your attention to expectations for future earnings.

We’ve already talked a bit about 2024 earnings. But Wall Street strategists have recently been quietly introducing 2025 into their analyses.