Homebuilders led the market in 2023 with 69% return, including 30% in the fourth quarter alone. Is housing market a total mess, you might wonder? Why, yes, it is, but homebuilder played it right last year keeping inventory low, pricing high and offering buydowns on all-important mortgage rates. Semiconductors and other tech stocks weren’t far behind largely driven by AI mania (Nvdia’s 240% return being case in point).