Chart of the Day
As goes January, so goes the year. This particular phenomenon is what is referred to as the January Barometer. To test this theory, today’s chart presents the average performance of the S&P 500 one, three, six, and 11 months following a January gain (blue bars) and following a January loss (gray bars). The chart illustrates that the S&P 500 has performed much better (on average) during the months following a January gain. In fact, 11 months following a January gain; the S&P 500 was up 89% of the time. FYI - The S&P 500 was up 1.4% in January 2007.
- What are our latest indicators and studies saying about future stock market trends? Find out now with the exclusive & highly regarded charts of Chart of the Day Plus.
Source - Standard & Poor's
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Quote of the Day
"The moment of enlightenment is when a person's dreams of possibilities become images of probabilities." - Vic Braden
Events of the Day
February 02, 2007 - Groundhog Day
February 04, 2007 - Super Bowl XL
February 10, 2007 - NFL Pro Bowl
February 11, 2007 - Grammy Awards
February 14, 2007 - Valentine's Day
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