V2 Newsletter December 2 2023 Update

Market breadth Is broadening? Is it good news?

December 02, 2023

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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