Not Quite.

ANGLES. · Dec 31, 2023 · 6m

We will all have to wait at least a little while longer for that new all-time record high in the S&P 500 index. Despite teasing us at times during what was a very subdued week, stock prices never quite got high enough to break the record closing level of 4796.56 achieved almost exactly two years ago on January 3rd 2022. This was the first time since 2012 that the S&P 500 had failed to close at a record high at least once during the year, but the index still earned a total return for 2023 of almost 27%.

Wall Street traders came back from the long weekend filled with Christmas cheer on Tuesday…