Private Equity
Andrea Alms Video: Money In Motion 140 - Stock Almanac Year End 2024
December 2024 - Private Equity
TRANSCRIPT
Hello, my name is Andrea Arms. I'm technology investor and financial manager and this is your money in motion. What is it? The stock Almanac, written by Jeffrey Hirsch, is a practical investment tool that provides a roundup of the year's data and encapsulate historical price, information, patterns, seasonality and trends. There are. These are some of the common indicators.
Mid month spike. Santa Claus rally. Gender effect trifecta, US presidential cycle, and so on. So which one rank true for the year end 2024 from Investor Business Daily? Yes, this is a busy but an excellent depiction of the year 2020 for the US economy. Avoided a hard landing. The S&P 500 is on track to gain around 25% in 2024.
This would mark a second consecutively gained for more than 20% for the first time. That has happened since 1997. Gains have been driven partly by upbeat economic data showing the consumer's continued spending, and the labor markets remained strong. However, stocks are skipping the Santa Claus rally again this year. Hence, January might be a bummer in 2024. Investors look to set to be disappointed for the second year in a row.
The S&P 500 has fallen 1.2% since the Santa Claus rally period, which began Christmas Eve, according to Dow Jones Data. Happy New Year. Thank you. This is your money, your money in motion.