A Chilly Month for Stocks

With stocks posting a solid performance the past few months to close what will go down as an above average year for the market, many investors are expecting more of the same when the calendar turns to 2017. While January used to be the 3rd best month of the year on average, since the turn of the century it has been the worst month of the year.

Simply because the calendar says January does not mean stocks will go down, but taking a look at the year-by-year performance of the S&P 500 in January does give us reason to be cautious, especially given the overwhelming enthusiasm we’ve seen for stocks following the election.