A 2023 Recap, Looking Back at Market Predictions & A Retirement Readiness Quiz
The Money Wise guys are in the studio for the final time in 2023, and they start with last week’s market recap, as well as a 4th quarter recap and a 2023 recap. The Dow was up 0.8% last week, the S&P 500 was up 0.3%, and the NASDAQ was up 0.1%. December was a strong month, and we had an excellent 4th quarter, too. For 2023, the Dow finished up 13.7%, the S&P finished up 24.2%, and the NASDAQ finished up a massive 43.4% – the second-best year for the NASDAQ this century. The market’s performance for the year exceeded all three Money Wise guys’ expectations, and you can catch their 2024 market predictions in next week’s show. The guys share an interesting stat about the 10-year treasury yield, which tends to be the most-traded bond in the marketplace and serves as a building block for the determination of mortgage rates. How did we get here in 2023? The guys discuss it all, including the 90 days that made the Dow this year and why sentiment has shifted strongly back to a rate-cutting bias in 2024.
Market Predictions for 2024
The Money Wise guys’ market predictions for 2023 were way off – no one foresaw the massive impact of AI and the Magnificent 7. As mentioned, the guys will share 2024 market predictions in next week’s show. Will Jeff’s market predictions be the most bearish once again? Will Kyle’s market predictions be the most bullish once again? Will Jeff’s market predictions be the “Switzerland” between the Davidson brothers once again? Listen in next week to find out!
In the second hour today, the Money Wise guys quiz you on Retirement Readiness. You don’t want to miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.