Excerpt from MarketWatch quoting DataTrek’s Jessica Rabe:
…. “DataTrek Research co-founder Jessica Rabe recently took a look back at the beginning of 2019 to gain some insight on what the ending of the year could look like.
The S&P 500 gained 7.9% in January. There have only been eight other years since 1958 in which January returns were more than one standard deviation above the average January return of 1.2%, according to DataTrek. In seven of the eight years with strong January returns, the S&P 500 finished the year with at least a 23% gain. The lone exception was 1987 (+5.8% gain). The overall average annual return in these eight years is 26.6%, roughly in-line with the S&P 500’s 2019 gains year-to-date”….
Read the full article here in MarketWatch!