Market Update for December 2023
We hope you had a joyous holiday season with family and friends as we did. We wish you a healthy, happy, and prosperous 2024. For investors, Santa Claus delivered this holiday season as markets displayed solid performance in December. – US stocks as measured by the S&P 500 were up 4.4% in December. – Canadian stocks as measured by the S&P TSX were up 3.6% in December. – The bond market also had a strong month, as the FTSE Canada Bond Universe Index was up 3.4% in December. The positive performance for both stocks and bonds in December was largely a response to broad expectations of interest rate cuts by central banks in 2024.
Published: January 11, 2024