Uncertainty and Momentum Portfolios Updates

December 10th, 2023 Update

Dec 10, 2023

∙ Paid

Not much happened last week as we are entering an interesting week ahead. Next Tuesday 12th, 2023 we’ll get the official CPI reading for the past November. Expectations are for a number very close to 3% (Year over Year). If we touch the 2% number we might see some exuberance in the markets.

The problem is that the forecasting for the December CPi reading (to be published in January 2024) is trending up at 3.4%, even if oil prices have been on the decline lately.

The RSP 0.00%↑ (Equal weight SP500) is flirting with the top of the consolidation box:

While the NASDAQ is in a clear uptrend and testing the highs from last July:

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