VIG Newsletter January 20 2024 Update

New All Times Highs! Mega Caps - The New Defense?

January 20, 2024

Recap

This abbreviated week closed on a strong note. The S&P 500 is sitting at a fresh record high (4,839.81) and is up 1.5% for the year. Thanks to this week's gain, the Nasdaq Composite is up 2.0% for the year and the Dow Jones Industrial Average is up 0.5%. Gains were largely driven by outperforming mega-cap and semiconductor shares.

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

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