Money Vikings Investing - End of Year 2023
In This Issue: Market Report, Finviz/Sector Analysis, Sentiment Analysis, Your Relationship with Money, How to Approach Investing in 2024, Unique Business Model = Big Returns (Antagonist)
Happy New Years All! It’s been a pleasure investing, trading, and planning with all of you for the past 7 years and we hope to continue this relationship for many more! The end of the year ended on a high note with QQQ 0.00%↑ up 52%, IWM 0.00%↑ up 14%, SPY 0.00%↑ up 24%, and DIA 0.00%↑ up 13%. SPY exceeded the 1 year high of 459, and is close to the all time high of 479.
Happy holidays from Jerry & Greg at https://truewealth.moneyvikings.com
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Finviz Heat Maps and Sector Analysis
The Finviz Heat Map showed a little bit of retreat in the tech sectors as evidenced by GOOG, AAPL, and ADBE. The leading sectors for the year were Technology and Communications. The worst sectors were Healthcare and Utilities.
The Fear and Greed Index & Market Temperature
We continue to stay in Extreme Greed territory, but down about 2 points from the prior week. The AAII Survey reached the highest bullish levels in 2 and a half years last week, but retreated 13% to 46% bullish, down from 59%. Bearishness increased 5% to 25% and the remainder of the investors were 2% more neutral than they were the prior week.
5 Questions About Your Relationship With Money
https://truewealth.moneyvikings.com/relationship-with-money
Here is a new approach to new year’s financial resolutions. Yes, there is the classic “save more”, “spend less”, “pay down debt”. All important aspirations. But often times reality sets in. So instead of resolutions, here are 5 key questions to ask yourself about your personal relationship with money.
How to Approach Investing in 2024
Unique Business Model = Big Returns
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