As this week was a light week in the markets, I took the week off from following the markets on a daily basis. This week is a quick visual representation of how the indexes and the Portfolios performed this past week and for the month of December. I have kept this one brief and relied on charts rather than words. They say a picture is worth a thousand words so I guess four charts would be four thousand words.
All you will find in this post are the charts of the weekly and monthly performance of the four indexes ā the Toronto Stock Exchange Composite Index (TSX), the S&P 500 Index (S&P), the Dow Jones Industrial Average (DJIA), and the Nasdaq Composite Index (Nasdaq).
Without further ado ā¦.
Weekly Market and Portfolio Review
For the week, the TSX (SPTSX) gained 0.4%, the S&P 500 (SPX) rose 0.3%, the DJIA (INDU) advanced 0.8% and the Nasdaq (CCMP) added 0.1%.
| Index | Weekly Streak |
| TSX: | 3-week winning streak |
| S&P: | 9-week winning streak |
| DJIA: | 9-week winning streak |
| Nasdaq: | 9-week winning streak |
Another bullish week as all four indexes extended their winning streaks. Hopefully that momentum will carry through into 2024. As for the portfolios, all three portfolios were on track to post a gain for the last week of the year until the three American indexes pulled back on Friday as investors took profits. Portfolios 1 and 2 were able to post a slight increase, while Portfolio 3 ended lower for the first time in eight weeks, stretching back to the week ended October 27. I would gladly take eight weekly gains for every week of weekly losses. š
Monthly Market and Portfolio Review
For the month, the TSX (SPTSX) rose 3.6%, the S&P 500 (SPX) grew 4.4%, the DJIA (INDU) increased 4.8% and the Nasdaq (CCMP) surged 5.5%.
While December was not as impressive as November, the indexes still had another good month. The rally that started in early November continued into December, becoming a Santa Claus rally. The DJIA even set a record high, while the S&P came remarkably close to setting an all time high.
The portfolios followed up a stellar performance in November with an impressive performance in December. I would have liked Portfolio 2ās performance to be up in the 4% range with the other two portfolios but I will take it. š
Overall, a solid month all around! That is two straight months of gains. I hope the momentum carries over into 2024.
