Post Election Market Rally

US stocks rallied sharply on Wednesday, reaching record highs following Donald Trump’s win in the 2024 presidential election. The outcome was determined sooner than anticipated, with Trump securing several key swing states and the race being called early this morning.

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Market Update – December 29th, 2023

As 2023 concludes, markets have outperformed expectations, with the Nasdaq Composite up +44.2%, S&P 500 +24.6%, Dow Jones +13.8%, and Barclays AGG +2.5% as of close on December 28th. Even though stocks have done well in 2023, many remain below their all-time highs still, requiring more bullish sentiment to propel above past highs.

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