Thornburg Investment Management Jeff Klingelhofer in The Wall Street Journal

These Four Questions Are Top of Mind for Investors in 2024

The market rally has run out of steam, prompting concerns about whether stocks ran too far too fast

The blockbuster stock market rally stalled once the calendar flipped to 2024.

Some of the big tech stocks that drove the market’s advance last year appear to have run out of gas, government-bond yields have risen and inflation might not be cooling as quickly as some investors had hoped. After a rocky start to the month, the S&P is clinging to a 0.3% advance in January.

Investors say a decline in enthusiasm is normal after a stretch of robust gains like those that capped 2023. They also say they have many questions about the path of the economy and interest rates that will be key to discerning the market’s trajectory this year.