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International Economic and Market Overview January 2014
The dramatic sell-off in the equities markets points to a difficult year for stocks, at least according to the so-called January barometer. This indicator dates back to at least 1972 when newspaper publisher Yale Hirsch first mentioned it in his Stock Trader’s Almanac. In the years since 1973 in which the S&P500 rose during January, the index has continued to gain an average of 11.2% over the next 11 months. This compares to an average February-through-December gain of just 0.2% in those years in which markets fell at the beginning of the year.” 01_2014_CFAL_International_Economic_and_Market_Overview Click here for full International Market Overview
 

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