Markets on Shaky Ground Despite Recent Rally
- Equity markets remain below inflation-adjusted highs, indicating potential for further drawdown
- Continued rise of safe haven assets like gold and Treasurys signals persisting economic uncertainty
- Narrow rally in stocks raises risk of sudden reversal if momentum stalls
- Lackluster small-cap performance fails to confirm bull market
- Investors seem unprepared for potential market volatility ahead in 2024