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January Update (BONUS SECTION at the end)
💡 5 January Markets Summary
The S&P 500 continued its gains from December (4.42%) and November (8.92%) for a third consecutive month (1.59%), resulting in a strong 15.54% three-month rally.
The January Barometer — a stock market indicator in play right now — states that the investment performance of the S&P 500 in January can predict its performance for the rest of the year.
That means if the S&P 500 posts a gain in January, that will lead to a positive result for the remainder of the year. Likewise, if the S&P 500 falls in January, then the stock market will perform poorly for the year.
With the S&P 500 climbing 1.7% in January, despite Wednesday's losses, the indicator suggests the stock market is on track for another year of gains.
The indicator has posted only 12 major errors since 1950, with an 83.6% accuracy rate, according to Stock Trader's Almanac. The last "major error" was in 2021, when the S&P 500 closed January with a 1.1% fall. That year, the S&P 500 rallied 26.9%.
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Disclosure
This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. This material has been prepared for informational purposes only. Any forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation.