The best scenario for 2025 is stocks go nowhere, says this strategist. Here’s where he says to camp out instead.

We are several hours away from what some think could be a new catalyst for stocks — Nvidia results — though whether the AI chip king can move markets as it has in the past remains to be seen.

Weighing in on where the S&P 500 SPX may be headed next is our call of the day from Jurrien Timmer, director of global macro at Fidelity Investments, who sees a rangebound market ahead and possibly a bearish setup to come.