To The Moon

As 2023 draws to a close, the stock market reflects a year of resilience and adaptation.

Amidst ongoing challenges, the market showcased a remarkable recovery.

Let’s review the Top 10 Key Words in 2023!

1. Magnificent 7

• Tech Titans Ignite the Market! $NVIDIA Corp(NVDA)$ skyrocketed 239%! $Meta Platforms, Inc.(META)$ leaped191%! $Tesla Motors(TSLA)$ surged 108%! $Amazon.com(AMZN)$ , $Alphabet(GOOG)$ , & $Microsoft(MSFT)$ all soared above 55%! $Apple(AAPL)$’s market cap broke $3 trillion!

2. US Banking Crisis

• SI, SVB, and SBNY collapsed. Regional banks such as $PacWest(PACW)$ and $First Republic Bank(FRC)$ lost over 90% of their value. 160-year-old Credit Suisse was taken over by rival $UBS Group AG(UBS)$ .

3. AI Wave

• The rise of ChatGPT. MSFT’s connection and drama with OpenAI. NVDA entered trln market cap club. SaaS and chip companies benefit from generative AI.

4. US Treasury

• Fitch downgraded US credit rating from AAA to AA+. US treasury yields continued to break records. The debt ceiling deal was approved. US treasury entered a buying zone.

5. Weight Loss Drugs

• $Novo-Nordisk A/S(NVO)$ has surpassed $LVMH-Moet Hennessy Louis Vuitton(LVMHF)$ market value. Musk said he used Wegovy (NVO's drugs) to get 'fit, ripped, and healthy'. FDA approved $Eli Lilly(LLY)$’s Zepbound.

6. Meme Thrilling Moment

• $VinFast Auto(VFS)$ rose 670% and became the 3rd-largest EV stock, but then fell to $8. Meme king $Bed Bath & Beyond(BBBY)$ teetered on bankruptcy. $WeWork(WE)$ , the same story.

7. Israel-Palestine Conflict

• Investors sought refuge in gold $Gold - main 2402(GCmain)$ (Hit ATH) & bonds as tensions rose. Defense giants soared: $Raytheon Technologies Corporation(RTX)$ , $Lockheed Martin(LMT)$ , $Boeing(BA)$ , $General Dynamics Corp(GD)$ , $Northrop Grumman(NOC)$ . The rebound in oil prices once sparked concerns about inflation.

8. Remembering Charlie Munger

• Charlie Munger, Investing legend, and Warren Buffett's right-hand man, died Nov. 28. Munger’s value investing wisdom: 90% research, 100% devotion, long-term perspective.

9. Bull Market

• After 11 rate hikes, Fed paused and hinted at cuts in 2024. $DJIA(.DJI)$ rocketed to record high, $S&P 500(.SPX)$ & $NASDAQ(.IXIC)$ eyed records; $SPDR S&P 500 ETF Trust(SPY)$ surged with record inflow, and $Invesco QQQ Trust-ETF(QQQ)$ skyrocketed to ATH.

10. BTC Ride

• Amid expectations of US Recession, BTC rose above $40k. BlackRock, Nasdaq, SEC met over Bitcoin ETF. $Coinbase Global, Inc.(COIN)$ up 355% & $Marathon Digital Holdings Inc(MARA)$ up over 542% in 2023.