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Weekly Wrap 15 December
The ASX200 advanced 2.54% this week (Mon – Thurs), buoyed by the Nasdaq and S&P500 hitting a 52-week high. The Dow Jones hit an all-time high, breaking through the 37,000 points barrier. The rally came after economic data showed inflation easing in the US and the Federal Reserve signalled rate cuts on the horizon in 2024.
The ASX took strong lead from Wall Street with rate-sensitive sectors leading the gains including the REIT sector rising 5.82%, while tech stocks jumped 4.9%.
In this week’s wrap, Grady covers:
- (0:26) key opportunities for investors to reposition their portfolios in 2024
- (0:37) what to consider in the healthcare sector
- (1:32) the outlook for gold heading into the new year
- (2:52) how retailers surprised the market in 2023
- (4:31) the best & worst performing stocks on the ASX200
- (5:11) the most traded stocks by Bell Direct clients this week
- (5:41) economic data to watch out for next week.
Read the transcript here.
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Client Satisfaction
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