It was a very good month for the S&P 500 Index. As January comes to a close the index is heading for a 5.8% monthly gain. What happens next? From the desk of Ryan Detrick:
So goes January, goes the year?
Well, when the S&P 500 is up >5% in January did you know the full year has never been lower (12 for 12).
Of note, the average intra-year pullback is just under 11%. 2018 will be a volatile year.
Hat tip Ryan Detrick of LPL Research, Charlie Bilello