Hey Friends,
Happy New Year! I wanted to take a minute to look back on this past year with 5 fun facts and a longer quote than usual.
Blessings,
Andrew
Fun Fact 1:
Credit card interest rates hit a record high of 21.19% last year.
Source: Charlie Bilello
Fun Fact 2:
Home prices did not come down with the recent mortgage rates rise.
Source: Charlie Bilello
Fun Fact 3:
Last year, US labor participation was up near May 2002 levels.
Source: Charlie Bilello
Fun Fact 4:
Free market capitalism out performed central planning by almost 200% over the last 10 years.
Source: Charlie Bilello
Fun Fact 5:
Here’s a fun chart showing the U.S. Stock Market winners and losers of 2023. (To view it larger, click/tap the image.)
Source: The Visual Capitalist, Finviz.com, Barron’s, Reuters, Fidelity
Quote I’m pondering:
“The market doesn’t have to do anything, least of all what you think it should do. The market does what it wants, when it wants to do it. It is the real-time personification of collective human psychology, with fear and greed on full display. That’s what makes it so hard and at the same time so interesting. There are times when skepticism is warranted and other times when you need to suspend disbelief, with no manual to help you decipher which situation applies.” – Charlie Bilello
Thanks again for reading. Subscribe HERE to get this delivered to your inbox so you never miss a read.
Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal or tax advice, an offer to buy or sell any security, or to buy or sell real estate property. Read our full disclosures HERE.
