Fear & Greed Index at 80, Extreme Greed, last seen before S&P 500 decline in July. Doubts persist; potential challenges and uncertainties loom in 2024.

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2024 promises volatility! Fund managers bullish on duration, yet crowded trade faces headwinds and risks.



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Market Momentum Falters: Dow’s 10-Day Streak at Risk Amid Economic Uncertainty

U.S. stocks, including the Dow Jones Industrial Average, faced a downturn, potentially ending a 10-day winning streak, influenced by a mix of economic data and market dynamics. The recent rally, driven by hopes of a dovish Federal Reserve and lower inflation, hit a pause as investors weighed future economic slowdown and consumer spending trends. Key economic indicators, such as existing-home sales and the consumer-confidence index, showed mixed signals, while company-specific news like FedEx’s lowered forecast and Tesla’s compensation changes also impacted market sentiment. The market’s future direction hinges on upcoming economic reports, including revised GDP figures and the Fed’s inflation report.