01-02-2017, 01:08 AM
Here the usual nonsense about trends in the markets that can supposedly be gauged by how the first month develops. Keep in mind that history doesn't have a habit of repeating itself, at least not in any exact manner..
"The data show this indicator to be surprisingly accurate, especially during January advances," according to a report from S&P Global Market Intelligence. If the S&P gains in January, then the average gain in the remaining 11 months of the year is 11.5%, according to data from 1945 through 2015, the S&P Global report states. The report says the pattern is accurate 84% of the time, which in stock market terms, is a near certainty. If the index declines, then the gains in the remainder of the year average 0.8%, but this is accurate only 41% of the time.
What Does 2017 Have in Store? 3 Market Metrics That Will Tell You - Pg.2 - TheStreet