Last month, Purus Wealth Management celebrated its 10-year anniversary, a very exciting milestone of which we are very proud. As we look forward to our next 10 years, we feel blessed to work with wonderful clients and an amazing team. We will continue to do our best to support our clients through complex financial decisions and uncertain economic times. We thank you for your continued trust as we work together toward your personal and financial goals.

As we step into February, your investment committee continues to digest the latest trends in macroeconomic data and policy decisions. Economic indicators such as consumer spending, corporate earnings, job growth, and GDP growth continue to show healthy and positive trends, and we are optimistic about the market for 2025.

The return of tariff-related discussions is causing uncertainty in the markets. As these potential tariffs come into focus, we will be watching closely for their impact on global trade relations, inflation, and the stock market’s response to these new developments.

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"Going into 2025, we think the factors that have driven the equity bull market of the last two years remain favorable. Here is a quick review of each:"

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"Each year the U.S. Census Bureau produces and publishes estimates of the population for the nation. Populations can change in three ways: people may be born (births), they may die (deaths), or they may move (domestic and international migration). The U.S. Census Bureau’s Population Estimates Program measures this change and adds it to a base population to produce updated estimates every year. Our specific focus today centers on just the change in domestic net migration between states, shedding light on the destinations attracting people within the U.S and the origins experiencing departures."

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"The change in U.S. leadership increases global economic uncertainty in 2025. The incoming administration’s protectionist proposals have the power to reshape trade relationships and alter economic dynamics worldwide. With actual policies and their impacts still uncertain, we foresee a wide range of potential outcomes. Here are our near-term economic views:"

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"Catching up just got easier for some retirement investors. Starting in 2025, a subset of older 401(k) plan participants can make even higher catch-up contributions. Secure Act 2.0 (Section 603) increases the catch-up contribution limit for those participants who are age 60, 61, 62, or 63 (but not age 64)."