From Dow Jones & Company:

In the last two months, U.S. stocks have surged, but concerns are growing about the “January effect” causing a market downturn in 2024. The S&P 500 has been overbought, sentiment has swung from bearish to bullish, and the VIX is at an all-clear low. Inflation could stall, and there may be disappointment surrounding earnings going into 2024. Additionally, geopolitics and political events around the world could also affect market calm, as the Fed rate cuts may already be priced in by investors, and anything less could impact stocks negatively.



Read more: So much for ‘the January effect’: Here are five things that could interrupt the U.S. stock market rally in early 2024.