VIG Newsletter January 6 2024 Update

KIAM this week. Here we go!

Recap

The stock market registered losses following nine straight weeks of gains to close out 2023. Profit-taking activity in the mega-cap stocks, and other stocks that outperformed last year, contributed to the downbeat price action. 

The Vanguard Mega Cap Growth ETF (MGK) fell 3.0% versus a 1.5% decline in the S&P 500. The Invesco S&P 500 Equal Weight ETF (RSP), meanwhile, declined 1.3% this week. Apple (AAPL) was a standout loser, dropping nearly 6.0%.

The VIG Co. portfolio was down this week. We will not make any changes.

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