9-Week Win Streak to Start 2024

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Our View

I made several predictions last year and only a few got close. One was that Bitcoin would trade $35,000 and the other was that the ES would drop 20% and then rally 20% — although it rallied more than that. 

When I look back on 2023, there were a few key events that I can't forget. 

First, we had all the Fed rate hikes from 2022 continue into 2023. Second was the regional banking crisis. Third was all the geopolitical turmoil — again, a continuation from 2022. 

I could list a few more, but I don’t want to copy something when I can post JP Morgan's year-end reflections. I get a lot of bank reports, most of which I never read. but this report is one I always look for. 

As for JP Morgan’s 2024 outlook, you can find it here.

In the end, it was a hell of a year for the stock market... let's hope it keeps going in 2024.