John Authers, Columnist

Let’s Not Overdo It on the Markets Overshoot

Last week’s slide says nothing about whether 2024 will be a horrible year. It’s more of a typical pullback on investors getting ahead of themselves.

January 8, 2024 at 5:00 AM UTC

By John Authers

John Authers is a senior editor for markets and Bloomberg Opinion columnist. A former chief markets commentator at the Financial Times, he is author of “The Fearful Rise of Markets.”

It was a bad start, but not enough reason to predict disaster.
Photographer: Michael Nagle/Bloomberg

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Stock prices fell, so did bond prices, and a miserable time has been had by all. That is the story of 2024 so far. As two of the worst years for US stock market history, 2008 and 2022, both started with a really bad first week of January, that’s already unleashed concerns that another horror year lies ahead.