Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to discuss the broad weakness in financial markets to start 2024. If the markets end in the red today it will be everyday this week that markets have been down.
Joel outlines a few considerations for the weakness to start 2024, one being simply profit taking to kick off the year after a strong 2023. We ask Joel his assessment of the money on the sideline and in money market funds, in terms of if this money flows into the markets.