Skip to content

Michael Batnick & Ben Carlson’s Year-End Strategy Session Recap

In case you missed it, the hosts of the “Animal Spirits Podcast,” Michael Batnick, Managing Partner at Ritholtz Wealth Management, and Ben Carlson, Director of Institutional Asset Management at Ritholtz Wealth Management, joined YCharts to share their insights on the charts that defined 2023 and offered guidance to elevate your strategy heading into 2024. They also discussed how they use YCharts in their financial analysis, decision-making, and communication to provide a unique perspective on various market topics.

Get exclusive access to the compelling visuals that shaped Michael and Ben’s discussion by downloading “The Top 23 Charts of 2023” deck. This comprehensive collection of visuals can assist you in presenting complex market trends and strategies clearly and effectively to your clients.

Dowload the expertly-curated ‘Top 23 Charts of 2023’ deck for essential visuals on the year’s key market and economic trends

Value vs Growth 2022 – 2023

Heading into 2023, Michael Batnick predicted that Value stocks would continue their outperformance over Growth stocks, in large part because he believed that divergence between large-cap value stocks still had room to run to catch up to large-cap growth after small-cap value stocks created such a big gap between small cap growth heading into 2023. 

Batnick joked he was right on his prediction “for a total of three days,” as growth surged 38.05% in 2023 compared to value’s 6.37% performance. 

A chart showing the performance of value (IWD) vs growth (IWF) in 2023

Download Visual | Modify in YCharts 

Despite the big performance from growth in 2023, Michael and Ben’s premise that you can’t tell the story of 2023 without looking at 2022 shows that growth and value are within spitting distance of each other over a two-year period. 

A chart showing the performance of value (IWD) vs growth (IWF) from 2022 through 2023

Download Visual | Modify in YCharts

Whenever you’re ready, there are 3 ways YCharts can help you:

1. Looking for comprehensive, best-in-class data?

Send us an email at or call (866) 965-7552. You’ll be directly in touch with one of our Chicago-based team members.

2. Want to test out YCharts for free?

Start a no-risk 7-Day Free Trial.

3. Download a copy of The Top Charts of 2023 slide deck:

Dowload the expertly-curated ‘Top 23 Charts of 2023’ deck for essential visuals on the year’s key market and economic trends


©2023 YCharts, Inc. All Rights Reserved. YCharts, Inc. (“YCharts”) is not registered with the U.S. Securities and Exchange Commission (or with the securities regulatory authority or body of any state or any other jurisdiction) as an investment adviser, broker-dealer or in any other capacity, and does not purport to provide investment advice or make investment recommendations. This report has been generated through application of the analytical tools and data provided through and is intended solely to assist you or your investment or other adviser(s) in conducting investment research. You should not construe this report as an offer to buy or sell, as a solicitation of an offer to buy or sell, or as a recommendation to buy, sell, hold or trade, any security or other financial instrument. For further information regarding your use of this report, please go to:

Next Article

Monthly Market Wrap: November 2023

Read More →

Subscribe to the YCharts Blog