[1/7/24]It's fair to say there was surprise, nay, disappointment that the great 2023 end-of-year rally ended, well, at the end of 2023.
The major averages all fell in the first week of January, with big technology stocks absorbing some of the biggest declines after investors were cheered by a huge nine-week rally and hoped for continued gains ahead.
The declines began to emerge on Dec. 29, after the Standard & Poor's 500 Index (^IN) came close to -- but failed -- to set a new all-time high. At the time, most of the major averages had been signalling the market was overbought.
Maybe the gains will start up again. One...