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2023 Global Growth Portfolio: 80% return
At the start of 2023, we added 5 ETFs to the Investor Signals Global Growth portfolio. For the 12 months, the portfolio returned 80% with the bulk of the gains attributed to Cyber Security, Cloud Computing, and Fang.
We will be building the tracking portfolio of our favored funds for 2024 and covering these in our next public webinar.
Watch Last Night’s Webinar
In case you missed it, you can watch last night’s webinar here.
China New Economy ETF: Buy
Nvidia: Q3 Earnings Review
Third-quarter revenue increased 34% from the prior quarter and 206% from a year ago, reflecting how increased demand for AI has boosted the company’s sales throughout 2023.
The company’s revenue guidance for the current quarter also topped estimates, coming in at $20 billion.
Watch Last Night’s Webinar
In case you missed it, you can watch last night’s webinar here.
S&P500: Q3 Earnings
S&P 500 Q3 earnings increased for the first time since last year, with average EPS up 4% year over year. If energy is excluded, the result is more impressive at +10% growth.
S&P 500 EPS forecasts for the full year are $225, (largely the same as 2022), and in 2024 EPS growth is forecast to increase 5% to $237.
At 4500 points the S&P500 is trading at 20x forward EPS.
S&P500: 5 year graph
US ISM manufacturing index logged its twelfth straight month in contractionary territory for October, suggesting slowing economic activity. However, labour market conditions remain tight.
Watch Last Night’s Webinar
In case you missed it, you can watch last night’s webinar here.
Oil
5-year graph of oil.
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