Week of December 13: Market Snapshot
It was a mixed week for equity markets as the S&P snapped a three-week streak of gains and the Nasdaq posted a new all time high supported by asset flows into many of the mega-cap tech names.
As the end of the year draws near, US equities are on pace for back- to-back years of over 20% gains for the first time since 1999. Tailwinds for this year’s performance include solid economic growth, falling inflation, and the start of easing monetary policies by the Federal Reserve.