IXC - 2024 Starts Right Where 2023 Left Off - Why That Concerns Me

2024-02-10 05:12:02 ET

Summary

• The rise in large-cap growth/NASDAQ 100 has continued into 2024, but there are potential headwinds on the horizon that could lead to a broader sell-off.
• The market's low volatility environment may not last, and investors should be cautious about amplifying their risk.
• Buying opportunities can still emerge even in a bull market, and investors should not feel pressured to buy at every surge.

Main Thesis / Background

The purpose of this article is to discuss the macro-environment - specific to the rise in large-cap growth/NASDAQ 100 in the new year. This has been an area that has performed extremely well in 2023 and, even after turning the calendar to 2024, has continued to deliver strong gains. In fact, many of the same themes - such as emerging market and small-cap under-performance - are also remaining consistent as we kick-off the second month of the new year....

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