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Tag: 4Q review

Monthly Portfolio Update December 2025

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Monthly Portfolio Update December 2025
The markets weren’t quite as strong as I’d hoped as December. The more traditional, value oriented Toronto Stock Exchange Composite Index (TSX) and the Dow Jones Industrial Average (DJIA) both extended their monthly winning streaks. For the TSX it was the longest monthly winning streak since 2014, and it was the longest streak since 2017 for the DJIA, impressive runs when you step back.

December’s market action largely came down to two forces: where interest rates are headed and where investors chose to take profits after a very strong year for big technology companies once again.

2023 Fourth Quarter and Twelve-Month Review

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After a dismal 2022 for the four major North American indexes, it was great to see they closed out 2023 with big gains in the fourth quarter, leading to record highs. The three American indexes – the S&P 500 Index (S&P), the Dow Jones Industrial Average (DJIA), and the Nasdaq Composite Index (Nasdaq) – all ended the year riding a 9-week weekly winning streak. The Toronto Stock Exchange Composite Index (TSX) was not as hot but still concluded the year with three straight weeks of gains.

Despite initial concerns about inflation and recession, 2023 turned out to be a remarkable year for stock market performance. This unexpected rally was led by mega-cap technology stocks and other growth companies that had faced significant losses during the bear market in 2022.