Testing New Support, Inflation Prospects, Economic Normalization in 2024 and One New Buy

January 7th, 2024 Update

Let's begin with the Equal Weight SP500: we're now outside the consolidation box I've been monitoring for several months. The question remains: will we test the upper boundary of this box as a new support zone? We'll need to wait and see. Notably, the volume was high, confirming some selling pressure after the recent strong rally. No assumptions here; i…