Closing Bell Overtime: 2023 in the Trading Books 12/29/23

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 29 December 2023

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Nasdaq was the big winner of the year – up more than 40% on the year, which is its best performance since 2020. The Dow, S&P and Russell all finished strong with their fourth positive year in the last five years. Now it’s all about what to do in the 2024. Vital Knowledge’s Adam Crisafulli and Victoria Green of G Squared Private Wealth break down their year-ahead strategies. Plus, RBC’s Gerard Cassidy reveals his playbook for the banks in 2024. And, investors are eyeing big gains for the new year… in the fitness space. Brandon Gomez explains the key stocks to watch amid the resurgence of New Year’s resolutions.

Transcript

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0:00.0	There you have it.
0:02.0	2023 is in the trading books.
0:04.0	Welcome to Closing Bell overtime.
0:05.0	I'm Morgan Brennan.
0:06.0	John Port is off today.
0:08.0	This is your scorecard for the final trading day of the year.
0:12.0	All of the year.
0:13.0	All of the major indices
0:14.7	closing the day slightly lower,
0:16.6	but still higher on the week
0:18.5	and here is your picture for the year.
0:20.8	It is a breathtaking one.
0:22.4	The Nasdaq is the big winner of more than 40% on the year.
0:25.8	That's its best performance in three years. The Dow, the S&P, and the Russell 2000 all finishing strong
0:31.6	with their fourth positive year in the last five years all up
0:35.6	double-digit percentages now it's all about what to do in 2024. Throughout this hour
0:41.9	we will talk to experts in different sectors to help you decide how to
0:46.5	position your portfolio. But first we start with the best and worst performing sectors of the market.
0:53.8	Steve Kovac is looking at tech this year's big winner.
0:56.8	And Pippa Stevens has a look at utilities.
0:59.1	This year's biggest loser.
1:00.8	Steve, tell us about some of the key factors that have driven this
	...

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