It does seem foolish to lay so much weight on a month’s performance, but history suggests January can go a long way towards determining the performance for a full year, at least from an index perspective. After a rocky start, equities have righted the ship and today methodically added to the year’s gains. There wasn’t much of note over the weekend and that was reflected in the day’s “action.” As we mentioned earlier today, new highs are bullish and that has become the default setting of late…
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