2023 in Review: Market Trends, Portfolio Performance, and a Glimpse of 2024
January 1st 2024, Update
Let’s start with the market by looking at the equal-weight SP500 ($RSP):
The market looks healthy as it moved out of the consolidation box above on high volume. Although I expect some form of a correction in the short term due to profit-taking after many positive weeks, then we should finally see if the top of the box becomes a new support area or not.
Looking at the macro, we finally got the M2 data for November 2023 and the good news is that M2 is not decreasing anymore and has been neutral since April 2023:
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