MARKET UPDATE: DECEMBER

Last week I sent out my video update on the market - but for those that may like to read their update, here is the blog post. :) Thankfully November had a great rally which gives us some positive things to talk about in this update!

QUICK LOOK

Let's kick things off with a quick market check. The S&P is up with a 21.49% gain YTD, the NASDAQ is at a high of 37.77%, and guess what? The Dow is finally waking up! Overall you had more sectors joining in on the gains, but overall it is still a tech heavy rally due to AI.

WHAT'S NEXT?

If the S&P 500 can get a close above the 4,600 point line, that would be a bullish sign for stocks. The 4,600 territory was the high in July & will be the technical analysis "resistance" line for the S&P. So we are watching for that closely.

SEASONALITY

December often brings a Santa Claus rally, statistically speaking. Since 1950, December has been the strongest month of the year on average - delivery 74% of the yearly gains. However, the last 5-10 years have not had that same delivery. So, we are waiting to see if we get a Santa Claus rally this month - but remember, the gains usually happens in the second half of the month.

ELECTION YEARS & STOCKS

People are nervous that the upcoming election year could mean an end to this bull market rally we have been having. If you look back historically - the 4th year of the presdential cycle on average has a gain of 7%. So while their could be volatility on the year due to the unknown - we can have a positive year.

If you want to watch the full update - you can view it here.

💸✨ #FinancialReview #YearEndFinance #SmartInvesting

This material is for general information only and is not intended to provide specific advice or recommendations for any individual. There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive outcomes. Investing involves risks including possible loss of principal. Past performance is no guarantee of future results.

There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.

This material was prepared by LPL Financial, LLC.