The following change is being made to the model portfolio and will be effective from
17 Jan 2023.
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Closing
INMD InMode
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The model portfolio will have 7 positions after the update.
The stock market has started January on a strong note as economic data shows progress being made in reducing inflation. However, much more ground has to be covered and the next Fed meeting will shed further light on the central bank's viewpoint. The market is now almost fully expecting a quarter-point (25 basis point) increase, which is down from a half-point (50 basis point) hike in December. There is a near-term risk that the Fed may continue with a half-point increase at the February 1 meeting.
Small cap stocks are highly sensitive to economic conditions. Early signs of a market shift towards growth stocks are emerging this month. Over the next few weeks, as more economic data is released and the Fed provides an update, it will become clearer if such a shift is durable. After a quick start in January, the market may consolidate its gains till the next Fed meeting.
Earnings season will pick up momentum over the rest of the month and company guidance for 2023 will also influence the markets.
The next monthly edition is scheduled for Feb 5.
For any questions, kindly contact us at support@GraycellAdvisors.com.
Sincerely,
Graycell Advisors
Prudent Small Cap