Market Performance: January 15, 2024.

Dow Jones futures edged lower Sunday night, along with S&P 500 futures and Nasdaq futures. The stock market rally had a strong rebound last week after the major indexes and many leading stocks retreated to start 2024 but soon found support at key levels.

A large number of stocks flashed buy signals, including a powerful breakout from Nvidia (NVDA), once again leading the overall market. It's been a good time to add exposure. Nvidia stock is now extended, but fellow AI leader Microsoft (MSFT) is just above a buy point after a solid weekly gain, on the cusp of surpassing the market cap of fellow Dow giant Apple (AAPL).

Novo Nordisk (NVO) remains in a buy zone. MercadoLibre (MELI) and Tradeweb Markets (TW) flashed entries intraday.

Is Getting Money Advice From Friends and Family a Good Idea? Experts Weigh In

When it comes to money advice, many Americans look to friends and family for the answers. Key findings in a GOBankingRates survey on money expertise reveal that 62% of 1,005 surveyed Americans have sought financial advice from friends and family over the last year.

Talking about finances with loved ones still remains a bit tricky. On the one hand, parents who have open discussions about money with their children may be able to help them develop their financial literacy early in life instead of later.

On the other hand, and in the current challenging economic climate, it can be detrimental to take advice from friends or family that is not relevant to your situation, or may actually bad financial advice. Where should you go for insight? GOBankingRates spoke to several financial professionals about which risks and benefits to keep in mind when consulting friends and family for financial guidance.

Keep Intention in Mind:

Matthew Vitlin, MBA and financial advisor at Northwestern Mutual, said if you are getting financial advice from friends and family, most people can generally assume that these people mean well and want you to succeed and make good decisions. Eliminate the concern, if you have any, that they may try to pull you down or steer you towards something that benefits them.

Ideas for Overcoming Your Money Blocks

We’ve all had those thoughts about money that pop into our minds from time to time. We hear ourselves say them to friends during conversations or to our children at the dinner table.

“Money doesn’t grow on trees.” “Money is the root of all evil.” “Rich people are greedy.” “I’m not meant to be rich.” What are these perceptions and where do they come from?

These are the money blocks we’ve developed throughout our lives based on interactions we’ve had with friends, families, and mentors. While some money thoughts may only have been mentioned once, they have helped us make sense of the world around us.

When you were a child and wanted a certain toy for your birthday, your parents may have told you that money doesn’t grow on trees. Because you weren’t old enough to understand money and commerce, you created the story that money is scarce. From there, you’ve carried a money block that has affected your financial goals and bank account.

Here are some ways you can confront and overcome your money blocks.

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