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Economy

bucolic_frolic

(47,342 posts)

1. First days of the year are often tentative

Reply to Tansy_Gold (Original post)

Mon Jan 1, 2024, 05:04 PM

Jan 2024

People who deferred their tax losses into the New Year make the dump on the first trading day. Buyers wait for that to clear. Sometimes the sour mood continues for a few days, or ten days. That being said tax losses were few last year because the market ran up to all time highs.

A new year that begins with a rally sees a pullback late January.

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STOCK MARKET WATCH: Tuesday, 2 January 2024 [View all] Tansy_Gold Jan 2024 OP

First days of the year are often tentative bucolic_frolic Jan 2024 #1

Thank you for posting! MLAA Jan 2024 #2