Broker Check
Sideways Market

Sideways Market

January 16, 2024

The S&P 500 has been in a trading range between 4700 to 4800 for the past four weeks. This isn’t totally unexpected since the S&P is pushing up against its all-time highs of two years ago, and a lot of trading occurs around these events.

The market will likely find direction in these next couple of weeks as 4th quarter corporate earning season begins in earnest and the next Federal Reserve meeting occurs the last day of January. Also, the true start of the presidential campaign season began in Iowa on Monday. It will likely take a couple more months for investors to forecast the election’s outcome, but anything can happen at anytime to influence the markets in an election year. 

Client annual reviews will be sent out next week in a new format that we hope is informative and easy to complete. We would truly appreciate if you review, sign, and submit the forms at your earliest convenience. Adam will then reach out to schedule a meeting with you to go over it all and answer your questions, or you can choose to pass on a meeting at this time.

Photograph by: Jack Dong on Unsplash

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