January 02, 2024

Ninth Straight Weekly Gain

Latest Publications Ninth Straight Weekly Gain

Stellar Year for Stocks

All three major U.S. equity indices extended their late-year rallies to a ninth consecutive week, their longest winning streak since 2004. The S&P 500 ending 2023 just 0.56% shy of its January 2022 all-time high. There were no major changes in investor sentiment with overall bullish expectations remaining intact for a soft landing, backstopped by the Fed’s pivot toward 2024 rate cuts beginning as early as March.

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The Weekly Recap is published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.