V2 Newsletter December 9 2023 CHANGE

Will Rates Move Higher? CPI, FED, and PPI this week!

Recap

The major indices closed the week with modest gains. There was not a lot of conviction from either buyers or sellers due in part to a growing sense that the market is overbought on a short-term basis. For the S&P 500, Friday's close at 4,604 marked an 11.8% rise off its October 27 low (4,117) and set a new 52-week high for the index. 

V2 was down this week.

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