2024 slowdown is just the ‘hangover’ to Fed’s pivot party

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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Editor’s note: This article was written by Luke Carberry Mogan.

This article was originally published by a finance.yahoo.com . Read the Original article here. .