To all our clients and readers of this newsletter – Happy Thanksgiving and Seasons Greetings.
It has been a unpredictable year for investors with the high volatility in the markets but with inflation down to 2.6% and election uncertainty behind us, the stock market has responded positively going into December. The S&P 500 is up 26% ytd and Nasdaq up 28% ytd. All indicators point toward a continuing rally on Wall Street into 2025.
Yet, there is the prolonged suffering of millions in Ukraine from a needless war, the unfortunate plight of residents in Israel and Gaza and the tragedy facing numerous families whose loved ones are still at war.
As we celebrate the holidays, let’s set aside worrying about our stock portfolios for a moment and instead, say a prayer to those who have not been as fortunate.