The first week of trading in 2024 is almost in the books. It hasn’t been a good start.
As I write this before Friday’s open, the S&P 500 is down 1.7% from the end of 2023, and today’s trading is trending lower due to a solid jobs report. December’s nonfarm payrolls showed 216,000 jobs were added last month, 41,000 higher than expected, leaving the unemployment rate at 3.7%. Estimates suggested it would creep up to 3.8%.
