Good news for the U.S. economy is back to being bad for Wall Street as the S&P 500, Dow Jones industrial average and Nasdaq all post losses.

Unfortunately, the stock currently trades at 120 times adjusted earnings. That multiple looks very expensive, given that Wall Street expects earnings to increase at just 21% annually through 2025. However, patient investors should still consider buying a small position today.

A soft finish to 2024 still left stocks with a second straight stellar year. The S&P 500 logged a 23.3% gain, which follows a 24% rise in 2023. The combined gains of more than 53% was the largest two-year percentage jump for the index since year-end 1998,