SPY - Bitcoin Vs. SPY Vs. Gold: If You Had $1000 Invested In Each Of These Assets Last Memorial Day Here's How Much You Would Have Now | Benzinga
The financial markets, which ended mostly higher in 2023, saw an acceleration in momentum toward the year-end and the strength has continued in the new year. With the stock market trading at record highs, here’s a look at how the returns compare to other high-flying assets.
Rate Cut Hopes, Slowing Inflation Drive Gains: After inflation and successive rate hikes spooked investors in 2022, they came back with a vengeance in the very next year. The return of risk appetite was orchestrated by consumer price inflation, which fell back from a cycle high of 9.1% in August 2022. Corporate profit growth also remained resilient as companies resorted to measures to keep their top and bottom lines from collapsing.
On top of that, the economy witnessed robust job gains despite the surrounding economic uncertainties.
The late-year gains in 2023 came on the back of hopes that the Fed may have to reverse its rate hikes as the central bank remained on pause mode since July 2023, when it raised the Fed funds ...