Making sense of the markets this week: December 24, 2023 Dec 28th

It’s a tough job, but…

It’s really hard to predict what the investment world will do. It’s even harder to predict what an investment is going to do within a relatively short time frame.

In fact, I’d argue that it’s so difficult, you probably shouldn’t use any single source of information to gain an edge and “beat” the market.

With that disclaimer out of the way, let’s look back at how we saw 2023 playing out, and give ourselves a report card. After all, we think it’s important to be accountable if you’re going to toss out public predictions.  

As we look back on the year that was, some of the predictions may look obvious in hindsight, but you have to remember where the world was as 2022 came to an end. Inflation looked unstoppable, and all anyone wanted to talk about was doom, gloom and the 2023 recession…