Happy New Year! – December 29, 2023

Wealth Management • Dec 30 2023
Happy New Year! – December 29, 2023
Morgan Lewis Posted on December 30, 2023

Happy New Year!

With just a few short days before the New Year, HAI would like to wish all readers the happiest of happy New Year’s Eve festivities and a truly wonderful 2024. This author is blessed to be spending time with family and loved ones this holiday season, and is reminded, as always, that the people in our lives are a profound gift. So, with copious quantities of both gratitude and joy, HAI wishes you all a wonderful New Year! We’ll be back next week!

Weekly performance: The S&P 500 gained 0.32%. Gold was up 0.13%. Silver lost 1.95%, platinum added 2.79%, and palladium was crushed by 9.68%. The HUI gold miners index was down 1.86%. The IFRA iShares US Infrastructure ETF was flat. Energy commodities were volatile and mixed on the week. WTI crude oil was down 2.6%, while natural gas was up 2.24%. The CRB Commodity Index was off 1.04%, and copper was down 0.26%. The Dow Jones US Specialty Real Estate Investment Trust Index was up 0.76%. The Vanguard Utilities ETF was up 1.01%. The dollar index was off 0.31% to close the week at 101.03. The yield on the 10-yr U.S. Treasury lost 2 bps to end the week at 3.88%.

Have a wonderful weekend and a superb end to 2023!

Best Regards,

Morgan Lewis
Investment Strategist & Co-Portfolio Manager

Stay Ahead of the Market
Receive posts right to your in box.
Some Time Off for Family – June 7, 2024
It Hasn’t Hit Yet – May 31, 2024
Loyalty to Country – May 24, 2024
The Debt’s Too Darn Big – May 17, 2024
Do the Right Thing – May 10, 2024
Stagflationary Winds – May 3, 2024
We Are In It Now – April 26, 2024
In the Foothills of Its Everest – April 19, 2024
Double your ounces without investing another dollar!