Stocks Ended Last Week Higher
Stocks Ended Last Week Higher: Sevens Report Analysts Quoted in Investing.com
‘Last week’s price action is important for 2024,’ says Sevens Report
“Stocks ended last week higher but also saw the biggest drop in several weeks last Wednesday, and the reason for the increased volatility is notable and gives us some hints about what could move markets early in 2024,” the firm wrote.
According to Sevens Report Research, last week’s price action is important for 2024, noting the increased volatility.
“Stocks ended last week higher but also saw the biggest drop in several weeks last Wednesday, and the reason for the increased volatility is notable and gives us some hints about what could move markets early in 2024,” the firm wrote.
“Last Wednesday’s volatility does bring up two issues we need to watch: 1) Earnings disappointment and 2) The total lack of a ‘Wall of Worry,'” they added. While they are not bearish to start 2024 and believe the underlying fundamentals of the market are “still clearly positive.” the firm thinks investors are too complacent with this market as we begin the new year.
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