INTRADAY ALERT: Solid Dec Jobs report adds concerns Fed "higher for longer" and adds to misery of early 2024. Just a reminder 1H24 is likely tough.

The first 4 trading days of 2024 have been a terrible start for equities with S&P 500 ($SPY) down -1.6% and the Russell 2000 (small-caps, $IWM) down -3.5%. As our members are aware, for the last few years (the case for longer), the year tends to play out in January. Meaning, this turmoil in the first week of trading is telling us to brace for a challenging year. We still see S&P 500 rising to 5,200 by YE 2024, but as we noted in our 2024 Year Ahead, we believe sto...

Finish reading this report for free

Enter your email and we’ll send the paywall-free link directly to your inbox

In addition to your unlocked report, you will receive our weekly market newsletter FSI Snapshot, as well as occasional updates and offers from FS Insight. You can unsubscribe at any time. For more information, see our privacy policy.

Get unlimited access to Tom Lee’s Fundstrat research Subscribe
Already a member? Log in

More from the author

Disclosures (show)

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You are reading the last free article for this month.

By continuing, you agree to the Terms of Service and Privacy Policy.

Already have an account? Sign In

Trending tickers in our research

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You are reading the last free article for this month.

By continuing, you agree to the Terms of Service and Privacy Policy.

Already have an account? Sign In