Stocks (^DJI, ^IXIC, ^GSPC) have gotten off on the wrong foot, trading lower in the first trading days of 2024 following 2023’s rally highs.
John Hancock Investment Management Co-Chief Investment Strategist Emily Roland attributes this early market environment to the anticipation of interest rate cuts made by the Federal Reserve, calling it a “dry January.”
“We’ll want to see continued disinflation in the pipeline and then of course earnings — last year was unbelievable just to see that earnings didn’t matter much, even the macroeconomic data wasn’t all that helpful,” Roland tells Yahoo Finance about data points to watch, including Friday’s jobs report data.
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Good evening America, the Federal reserves have not been touched and it is true finance 👉🗽
What are you referring to? The Federal reserve is a printing press, unbacked by anything except debt. If not, we would have a gold standard instead of fiat. ???????
@@EK10241024
Pigs get fat. Hogs get slaughtered. Expecting more upside without a significant pullback (profit taking) is being greedy.
When we hear talk on yahoo, understand they are as much news as CNN and about as reliable as the same. Make your own guess and go for it. We are on a collision course with a major recession and quite possibly a recession, fueled by no less than AI and the push of this nonsense, green energy.
Expect rates to go higher this year!