Sabre Arc Capital: December 2024 Review

December 2024 | $1,209,486.84

Happy New Year, everyone!🍾🥂

ICYMI: 😊

First, I want to thank everyone who has read this newsletter over the last 12 months; your support is what keeps me up at night writing. Second, my heart goes out to those currently affected by the California wildfires.

2024 was a stellar year and a surprise since many economists and pundits forecasted a recession due to the inverted yield curve and the Fed’s ability to pull off a soft landing. Wall Street’s largest firms predicted the S&P 500 would finish at the following ranges:

"We are forecasting the S&P 500 to end 2024 at 4,257."

"The S&P 500 would be fairly valued in the 4,750 range by the end of 2024."

The "S&P 500 [will] end 2024 between 4,700 and 4,800."

"Our year-end 2024 fair-value target range [is] 4,850 to 4,950."

"Our year-end target for the S&P 500 is 4,940."¹

The S&P 500 finished at 5,881, up approximately 23%, far from the ranges given by Wall Street’s “best.” It’s a bit concerning that many of these experts are optimistic about 2025.

We had our fair share of financial headlines this year:

• The Securities and Exchange Commission allows mainstream investors to buy and sell bitcoin

• Nvidia hitting 2 trillion, then 3 trillion

• Dow Jones hitting 4,000

• Google losing an antitrust case

• Starbucks replacing Laxman Narasimhan with Chipotle’s Brian Niccol.

• Our first rate cut since 2020

Not to mention a couple of wars, hurricanes, assassination attempts, and a presidential election.

My friend Chima, also a partner in Sabre Arc, has written a wonderful recap for 2024, which has saved me the trouble of drafting my own.

2024 Recap

Sabre Arc Capital