V2 Newsletter December 2 2023 Update

Market breadth Is broadening? Is it good news?

Recap

The stock market closed out the month of November with solid gains and began the month of December on a positive note. Friday's close marked a new 52-week high for the S&P 500, which brushed up against the 4,600 level at its high of the day.

Notably, mega-cap stocks were somewhat left behind this week. The Vanguard Mega Cap Growth ETF (MGK) eked out a 0.1% while the S&P 500 rose 0.8%. The equal-weighted S&P 500 jumped 2.5%.

V2 was up this week.

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