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John Authers, Columnist

Happy Christmas (Covid’s Over)

The stock market truly blew past the pandemic era in 2023, with cruise operators soaring and vaccine-makers tanking. 

As big as ever: The Carnival Celebration docked in Miami last weekend.

Photographer: Eva Marie Uzcategui/Bloomberg
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There’s time for one last great factoid before we head off for the holiday season. This is the last regular Points of Return for the year, but we will be sending you a couple of installments about the performance of Hindsight Capital LLC, my imaginary hedge fund that made all the right trades at the beginning of 2023, to help while away the quiet time between Christmas and the New Year.