Categories: General Market Commentary- DPC
Topics: General Market Commentary- DPC

What 2023’s Strong Close Means for 2024

Since last week: 

Markets and commodities rose on the hope that rate cuts are coming sooner rather than later.

What 2023’s Strong Close Means for 2024

1. The Last Trading Week

The last trading week of the year was good to stocks, with the major indexes all experiencing gains over the course of the week. The S&P in particular came within a few points of record territory. And all of this is on the back of hope that the Fed achieved its sought-after “soft landing.” The next few weeks will determine if this momentum keeps up. Here’s how you can build your portfolio to thrive regardless of what happens.

2. Gold Close to $2,100

Gold continues its upward trajectory, coming close to the $2,100 mark. The uncertainty of the next few months could easily push the yellow metal past that mark in the coming weeks. As an investor, gold should be part of your portfolio. This is one of the best ways to play it. 

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3. The ETH Rally

Ethereum’s price has been rallying as of late and could be gearing up for even more growth. According to many analysts, the coin is still in the range where it presents a buying opportunity that investors should be taking advantage of. Chris Curl shows you how to do that as part of his Million Dollar Crypto Club.

4. Clean Energy’s Big Year

Renewable energy had a big year in 2023 with China, Europe, and the US setting records for solar installation in a single year. Prices of solar panels dropping by over 50% in some cases certainly helped with that, and this could drive 2024 to be equally big for the technology. For that to happen, manufacturers need more copper, a key component in solar panels. Click here to learn more about a company that is one of the best copper investments you could make. 

What to Look For:

With the start of the new year, this momentum will carry. It’s just a question of whether it will last. 

Editor’s Note: Happy New Year on behalf of everyone here at Daily Profit Cycle. Here’s to a profitable 2024!

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Keep your eyes open,

Ryan Stancil

Ryan Stancil
Editor, Daily Profit Cycle