Following Donald Trump's victory in the 2024 US presidential election, Bank of America's November Global Fund Manager Survey indicates a bullish sentiment on US economic growth and a 'no landing' scenario. Inflation expectations have risen from -44% to 10%, pointing towards potential rate hikes. For 2025, fund managers are favoring US stocks, gold, and the dollar. Goldman Sachs' 2025 outlook also forecasts continued US outperformance. Bank of America analysts observe that the US dollar is mirroring the 2016 post-election trend, with room for additional upside. They suggest that Trump's win may unlock small-cap mergers and acquisitions, identifying certain stocks as potential takeover candidates. However, BofA strategists advise investors to start increasing investments in stocks outside the US as the next year approaches. Federal Reserve Chair Jerome Powell, Berkshire Hathaway CEO Warren Buffett, and JPMorgan Chase CEO Jamie Dimon have weighed in on the markets, with some expressing concern that the Trump rally may be at risk.