Can we be thankful that this year's setup on the SPX is different enough from that observed in 2022? We believe the answer is yes. Those familiar with our work will know that more often than not, data-rich tables and statistical significance take center stage; after all, we are in the business of predictive data analytics. However, we also can't turn down the opportunity to showcase a good old-fashioned chart once in a while. On the eve of this year's Thanksgiving holiday, a comparative analysis with the previous year underscores sufficient differences, shining a light on an equity market that may be more deserving of appreciation than the one we navigated last year.
The major differences we are seeing are:
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