At this point, investors are back to looking for inflation-proof stocks to shield their portfolios. After closing 2023 on a bullish note, as an early Santa Claus rally sent markets back to all-time highs, we’re entering 2024 on a muted note. The trading year began with two consecutive down days, putting a damper on reinvigorated bullish enthusiasm and sowing unease among traders. A big pivot point for economic developments will be the holiday sales data. If we see renewed consumer enthusiasm and generally lower inflation, we can expect Fed policy to adjust accordingly. If there’s even a hint of danger flashing, though, then the Fed…
