Equity markets continued to rally in January, as all three major U.S. indices were up for the month. The S&P 500 gained 1.68 percent to start the year, and the Dow Jones Industrial Average was up 1.31 percent. The Nasdaq Composite lagged its peers, as the technology-heavy index gained 1.04 percent in January. While these were smaller gains than those at the end of 2023, this still marked three consecutive months of positive returns for all three indices.
Given the concerns about inflation and slowing growth, we have kept the overall market risk level at yellow for now.
View a breakdown of the risks we’re watching in this SlideShare.