Stock Market Update Thursday December 14, 2023 The Significance of Year-End Stock Market Levels for the Economy. Having the stock market end the year at these levels is incredibly important for the economy. People feel better about buying stuff, and their 401k statements will show substantial gains, the government will collect more in taxes. With the 10-year yield going lower (TLT ETF UP), bowering cost will be cheaper.
Politics, though not the primary focus, becomes crucial when it affects the stock market. It is essential to be aware of what might happen in 2024. The incumbent president is likely to do whatever it takes to stimulate economic growth and boost the stock market, particularly with an eye on winning the 2024 election. In the midst of all this information, our primary concern is our algorithms designed to eliminate emotions. The key takeaway is to maintain discipline and follow the algorithms for informed decision-making.
Away from stocks: Treasurys experienced a notable surge once more, with the 2- and 30-year yields stabilizing at 4.37% and 4.03%, respectively, marking a decrease of 9 and 16 basis points during the session. Gold saw a modest increase, reaching $2,036 per ounce. Meanwhile, WTI crude surged by 3%, reaching nearly $72 per barrel, and the VIX inched towards 12.5.
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