The S&P 500 has dropped 5.8% since the beginning of the year. The January Barometer is an indicator that states that as January goes, so goes the year. The merit of the January Barometer can be debated, as the results are mixed. When January is negative, February through December has been down roughly 60% of the time. But sometimes the indicator can be horribly wrong. For instance, in 2009 January was down -8.6% and then the market soared 35.0% from February through December.
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