Santa didn’t show up this year for his annual Santa Claus Rally.
Historically, that usually precedes some underwhelming years for the S&P500.
This is the first leg of the January Trifecta, which also includes “The First 5 Days” and the “January Barometer”.
Does the S&P500 put in a positive First 5 days of the year?
As January goes, so goes the rest of the year, is how I learned it.
We’ll continue to monitor the rest of the Trifecta as the data comes in.
But first, let’s reiterate that the S&P500 did NOT rally during a seasonally strong period known as the Santa Claus Rally.
And while this “indicator” is normally reserved for the S&P500, I wanted to widen it out to other equities to get a broader look: [Read more…]