OUR WEALTH DAILY

 

The market closes out the year without really finding a direction.  Commodities have been the favoured sectors for the year.  Energy has been the favoured sector for the year.  

  Holiday 2023 2024 2025 New Years Day Monday, January 2 (New Year’s Day holiday observed) Monday, January 1 Wednesday, January 1 Martin Luther King, Jr. Day Monday, January 16 Monday, January 15 Monday, January 20 Washington's Birthday Monday, February 20 Monday, February 19 Monday, February 17 Good Friday Friday, April 7 Friday, March 29 Friday, April 18 Memorial Day Monday, May 29 Monday, May 27 Monday, May 26 Juneteenth National Independence Day Monday, June 19 Wednesday, June 19 Thursday, June 19 Independence Day Tuesday, July 4* Thursday, July 4* Friday, July 4* Labor Day Monday, September 4 Monday, September 2 Monday, September 1 Thanksgiving Day Thursday, November 23** Thursday, November 28** Thursday, November 27** Christmas Day Monday, December 25 Wednesday, December 25*** Thursday, December 25***

  Yield Curve Inversions Historically Precede Economic Recessions

Odds on for a good 2023 overall - but who knows!  

  Egg prices have gone crazy! I am hearing of 6 dollars in December

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  List of market outlook for 2023 Goldman Sachs  https://lnkd.in/eKzF_2K4 J.P. Morgan  https://lnkd.in/eHb6-622 Morgan Stanley  https://lnkd.in/e2nAMjmM Bank of America  https://lnkd.in/e8XFD8TW BlackRock  https://lnkd.in/eYxCBRGj HSBC  https://lnkd.in/eNfBiJvH Barclays  https://lnkd.in/eRT4dsFY . NatWest  https://lnkd.in/euftbUw6 Citi  https://lnkd.in/eXwA-Y4X UBS  https://lnkd.in/exudCU6V Credit Suisse  https://lnkd.in/e4CEK5NZ BNP Paribas  https://lnkd.in/ec4hWEdm Deutsche Bank  https://lnkd.in/eAWCSV_7 ING  https://lnkd.in/eNpdmVH8 Apollo Global Management, Inc.  https://lnkd.in/ewwq_62M Wells Fargo  https://lnkd.in/euMkQnKE BNY Mellon  https://lnkd.in/ezMfVgND Fidelity International  https://lnkd.in/eJwK6tVx Lazard  https://lnkd.in/eku-xhqp

 

Countless planes, trains, cruise ships, and automobiles prepare to embark on their 2023 destinations…  well, you get the picture! It’s going to require lots and lots of oil and fuel in an already constrained marco environment!    Oil will climb to 125, 150 and top out around 200-215

People want to know: what happens to the stock market after it’s had a red/down/loser year? Let’s take a good look at the 1-year DOW chart. Recent Down Years Since 2001, the DOW, and S&P 500 have had six losing years: 2001, 2002, 2008, 2015, 2018, 2022 The Nasdaq has had five, the same as the S&P and the DOW, except for 2015. Only once, since 2021, has one losing year been followed up by another (2001 to 2002). Looking at the DOW’s historical chart, over the last 126 years, since 1896, 42 of those years have been down – that’s 33.33%. 🧐 Longest Losing Streaks In the last 126 years, the record for the longest consecutive run of losing years is four. 1929 through 1932.  There have been only three instances of the DOW experiencing a 3-year losing streak. 1901 – 1903 1939 – 1941 2000 – 2002 Only four instances of the DOW experiencing a 2-year losing streak. 1906 – 1907 1916 – 1917 1973 – 1974 1977 – 1978 Out of the 42 down years: a two-year losing streak occurred   9.52%   of the

  Maybe the new Apple Glasses