Money in the Market: Does the first week market slump set the tone for the rest of the year?

A reversal from the everything rally in the final months of 2023. All major asset classes fell in the holiday-shortened week to kick off the new year. Usually, the year tends to play out in January. So will the downbeat mood set the tone for the rest of the year for markets? On Money in the Market, Hongbin Jeong speaks to Wong Kok Hoong, Head of Equity Sales Trading, Maybank Securities to find out more.   Highlights: How did markets fare in the first week? Did it take you by surprise? - 1:23 Why was there selloff in big tech? - 2:10 What does the downbeat tone of the shortened holiday signal? Does it mean we will see rough waters ahead for equities in the first half? - 3:47 Are traders now shifting their expectations for a rough year? How are they allocating their assets? - 4:54 Are there still market watchers that still believe 2024 will be a good year? How are they expecting markets to turn around from this downbeat mood? - 5:53 See omnystudio.com/listener for privacy information.