Stocks’ Bad Start to 2024 Has Forecasters on Edge

Stocks are off to a bumpy begin within the early days of 2024. Proponents of the January Barometer are hoping for a turnaround as a result of they consider the market’s efficiency within the first month of the 12 months units the tone for the remainder.

Major indexes have pulled again within the first three periods after ending 2023 with a bang. The S&P 500 is down 1.7%, its worst begin to a 12 months since 2016. The Dow Jones Industrial Average has declined 0.7%, and the Nasdaq Composite has dropped 3.3%.