Vol. November 2023 – Long-Term Capital Fund Newsletter
Many investors have under-allocated to US Equities after the peak pessimism shown in late October. Has the S&P train left the station after a big November?
One can take comfort that 2023 would only be the first year of recovery since a -19% year in 2022. If so, it is not likely to be in an exuberant state with many investors still on the sidelines.
What if buying after the S&P 500 has rose considerably this year is still a bitter pill to swallow? Two quick solutions come to mind….