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Will Record January Stock Volatility Produce Long-Term Tremors?
You may be familiar with the concept of the “January Barometer”. While there are different versions, they all fall under the same premise: as goes the first day or week or full month of January, so goes the rest of the year. Earlier this month, we looked into this indicator to some degree, given the historically poor start to the year in the stock market. Certainly none of these seasonal patterns work every time. However, from what we’ve observed, there does seem to be some degree of truth to the tendency of the stock market to follow its early January direction over the rest of the year. Besides a historically ... (full story)