VIG Newsletter January 13 2024 Update

20 Long. 20 Short. 60 Neutral this week. Good work.

January 13, 2024

Recap

The stock market closed higher, which marks its tenth week of gains in 11 weeks. The S&P 500, which briefly traded above its all-time high close on Friday, recovered all of last week's losses, leaving the index up 0.3% for the year.

This week's economic data painted a somewhat mixed picture. The Consumer Price Index (CPI) report for December was slightly hotter than the market's hopeful expectations and weekly initial jobless claims remain below recession-like levels. Meanwhile, the Producer Price Index was cooler than expected. 

The VIG Co. portfolio had a strong, positive week. We will not make any changes.

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