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Last December, nearly everyone agreed: A recession was coming. The economic downturn never came, though and instead, the GDP actually rose to nearly 5%.

Let’s review some of this year’s highlights and conclude tomorrow with my thoughts on the current market heading into 2024.

One of the worst-kept secrets in investing is that a small group of stocks have generated most of the returns for U.S. investors over the last century.

The VIX is now at the lowest level since the pandemic started and represents an extreme level of complacency.

These indicators take a deep dive into the current year-end rally. Take a look at these charts.

We are experiencing an impressive year-end rally, but will this rally push U.S. large-caps deeper into overvaluation.

Investors would be wise to remember that the lifeblood of a healthy bull market is sector rotation. We expect to see it.

It’s been a year dominated by sell-side analysts and market pundits filling investors with fear, when in fact it’s been a time to be greedy.

The set of longer-term data analyzed in the QAIB reports clearly shows that people are, more often than not, their own worst enemies when it comes to investing.

Commentary on the macro and market outlook for the U.S. and China.