Data Update 2 for 2024: A Stock Comeback - Winning the Expectations Game!
Musings on Markets
JANUARY 17, 2024
In the graph below, I look at the monthly levels on the index and price returns, by month: On a month-to-month basis, stocks started the year well and had a good first half, before entering a tough third quarter where they gave back most of those gains. As a percent of earnings, the cumulative cash returned represented 74.8%
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