Dear ,
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Tom's wardrobe choices may be questionable, but his stock market know-how is anything but.Â
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Earlier this month, Tom Bowley hosted The January Effect webinar, where he demonstrated the historical correlation between January and balance-of-year performance.Â
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Bottom line: January has predictive power.Â
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Next, Tom will share what
January's performance suggests about 2024. 🔮
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As of yesterday's close, the S&P 500 gained 3.3% and the NASDAQ gained 4.1% in the month of January, which lands them into the 2nd quartile for each index since 1950 and 1972, respectively. Sounds technical, right?
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More simply, January's performance was above-average which tells us a lot about what's to come.
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