Ok then, this year seems hellbent on disproving the theory that objects in your mirror are closer than they appear. Last year is starting to feel like a distant memory rather than merely one that ended a month ago.. A quick stat to provide some context: a > 5% move in January after a down year the year before has happened only 5 times. The S&P 500 has been up EVERY time and by an average of a whopping +29.7% (45.0%, 23.1%, 20.1%, 31.5% and 28.9%). That’s a SPICY meat-uh-ball.
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