Weekly Portfolio Update, December 31 2023
The calm before the storm
The last week of the year is usually uneventful for investors, and this one pretty much kept to the script. Stocks and commodities ended the week more or less where they started, and with most of the financial world on vacation, relevant news was generally sparse. But there were a lot of “Predictions for the year ahead” videos, some of the best of which are below.
In any event, this “calm before the storm” will end shortly, as traders gear up for 1) a recession, 2) an equities bear market, 3) the return of easy money, and 4) an extremely contentious presidential election. 2024 is looking like a very interesting year.