🎉 End-of-Year Market Madness!

As we all wrap up 2023, let’s quickly review some extraordinary trends in the world of global finance, which effects us all as expats in the GCC:

The S&P 500 just had its longest winning streak in over five years, now close to setting a new record.

The NASDAQ 100 has once again hit unprecedented highs, showcasing the tech sector’s robust performance.

In a historic small-cap sector rally, the Russell 2000 has surged by 24% in just 36 trading days.

The equity market saw a remarkable turnaround, with active managers increasing their equity exposure from 25% to 97% in mere months.

In corporate dynamics, Warner Bros and Paramount are in merger talks, and Nippon Steel’s planned acquisition of U.S. Steel could reshape the industry.

A striking 58% of U.S. households now participate in the stock market, an all-time high.

The SPY ETF witnessed a historic single-day inflow of $20.8 billion, the largest ever for any ETF.

My view? This year has been a mix of unpredictability and opportunity. It underscores the importance of staying informed and adaptable.

Wishing you all a very prosperous 2024! 🤔

About Mike Coady

Mike Coady is an expat expert based in Dubai and is on hand to help with all of the above and more.

Mike is an award-winning money coach and industry leader in the financial sector.

Qualified to UK Financial Conduct Authority (FCA) standards, a member of the Chartered Insurance Institute, a Fellow of the Institute of Sales Management (FISM), a Fellow of the Association of Professional Sales (F.APS), a Fellow of the Institute of Directors (FIoD) and featured as a highly qualified Financial Adviser in Which Financial Adviser.

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Blog published by Mike Coady.