In 2023, US stocks recorded an unexpected surge of 24% while the Federal Reserve continued to raise interest rates. Will this upward trend continue in January 2024? On the first day of the US market, the Dow Jones Index showed a slight rebound, while the Nasdaq experienced a significant decline. According to Oppenheimer Asset Management, US stocks areTaking a break since the beginning of this year、The market development remains data-driven until the start of the fourth quarter earnings seasonThat's right.
Furthermore, the S&P 500In recent weeks, it has been technically overbought. . Renaissance Macro's Jeff deGraaf says that the momentum and breadth of the rise since October are currently outweighing concerns about the strength of sentiment. He believes that there is a fairly high chance that it will decline in the first quarter.Trend-wise, it is in a mode of buying on the dip.However,The decline in the adjustment phase is likely to be around 4600 (a 3-4% decline).、 He sees the S&P500 has recorded annual rises of over 20% at a rate of around 36% since 1928. He sees the S&P500 has recorded annual rises of over 20% at a rate of around 36% since 1928.
What happens to the S&P 500 after it rises more than 20%...