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Guest Post…FindLeadingStocks.com Morning Report 12/28/23

ByGary Kaltbaum

Here’s the FindLeadingStocks.com Morning Report 12/28/23

Good Morning Team,

  1. Market Very Extended! The market is very extended and (over) due to pullback. Please keep that in mind as we move forward and head into the new year.
  2. Most Stocks Did Not Perform Well In 2023: 72% of S&P 500 stocks have underperformed — or notched worse returns — than the S&P 500 itself this year. That’s normal for early bull markets. If my thesis is correct, that we are in the early stages of a new bull market – 2024 will be another very strong year on Wall Street. 
  3. 10 Largest Stocks Contributed The Most This Year. If you “missed” the rally – you really didn’t —and more importantly – don’t worry/look to the right of the chart – we are just getting started!
  4. Folly Of Predictions – Remember most predictions are dead wrong but people love predictions!
  5. Election Years Have An Upward Bias. 2024 can easily become a very “good” year on Wall Street!

Have a great day!

Adam