Reflecting on 2024: Market Growth and Rising Stars

Even with the slip in the markets at the end of the year, 2024 was a good year for stocks. The S&P 500 grew 25.89% and the Dow rose 13.99%. A lot happened this year, NVIDIA shot up 184.60%, although it seems as if this growth has tapered off now. This slip late in the year is mainly due to the FED which said that there would be fewer rate cuts in 2025 than previously predicted. But we predict that this bear market will subside soon. 

The last few weeks have seen great growth in quantum computing stocks. In the last month, Rigetti (RGTI) has grown 459.51% despite the rest of the market falling. Other quantum computing stocks like Quantum Computing (QUBT), IonQ (IONQ), D-Wave Quantum (QBTS), and Arqit Computing (ARQQ) have all also grown significantly recently. We are bullish on these quantum computing stocks. 

However, if you don’t want to invest in all of these individual stocks, you can invest in a quantum computing ETF like the Defiance Quantum ETF (QTUM) which is up 18.47% in the last month, and 56.94% this year. 

Another fund we have been following is the ERShares Private-Public Crossover ETF (XOVR). This fund is special because it invests in both private and public companies. One of their major holdings, consisting of about 10% of their holdings, is SpaceX. This year it is up 40.44%. 

As we bid farewell to 2024, we would like to thank our readers. We’ve had a great year, but we have much more in store for this coming year. We look forward to continue creating actionable, informative content in 2025!