V2 Model December 24, 2022 Update

Still Looking For Santa Rally!

December 24, 2022

Recap

Renee and I extend our very best wishes to you and yours this Holiday Season. We hope for peace and strong investments for each of you in the New Year.

It was an overall disappointing week for a market that is still looking for a Santa Claus rally to end the year. Tax-loss selling efforts were likely part of this week's losses, but sentiment overall soured because of a growing belief that 2023 earnings estimates are too high and will be subject to downward revisions in the coming weeks and months as the economic environment deteriorates.

V2 was flattish this week and maintains its lead over the SP500.

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