As stocks trended down on the first trading day of 2024, analysts speculate about what the rest of the month will look like for equities markets and crypto prices. 

The S&P 500 and Nasdaq Composite indexes dipped Tuesday, losing 0.7% and 1.9%, respectively, toward the end of the trading session. While the Dow Jones Industrial Average managed to stay relatively flat, the Russell 200 slipped 0.7%. 

The decline doesn’t bode well for the sky-high prices analysts expected.

Goldman Sachs last month increased its S&P 500 target by 8% to 5,100 by the end of 2024, citing Federal Reserve rate cuts and declining inflation as key tailwinds. Strategists surveyed by Bloomberg reported a slightly…

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