Broker Check
2023 Finale

2023 Finale

December 05, 2023

Last week the stock market saw another relatively quiet week with slight gains in the company of minimal economic news. Many major indexes are hovering right around their highs thus far for 2023.

This Friday through next Wednesday will wrap up the last round of major economic reports for this year and could potentially push the market back to the all-time highs of 2 years ago. On Friday the jobs report will be released; Tuesday sees the consumer price index (inflation for consumers); Wednesday is the producer price index as well as the last Federal Reserve meeting of the year. If these events bring good news the Santa Claus rally will likely kick off and could last into January. Ending the year with all-time highs would be a nice gift for all investors and potentially set the stage for further gains in 2024.

Wishing you all a happy December and holiday season!

Photograph by: Ray Hennessy on Unsplash

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