FYI: The S&P 500 got off to a rough start to the year with a 3% decline in January. The index has been straight up in February, though, and it's now up roughly 2% on the year.
Where have we seen this action before? Well, last year got off to a very similar start. The index fell 2.93% in January, declined a couple of more days to start the month of February, and then it was straight up for the rest of the month.
Below is a chart showing the S&P 500's action through President's Day of both 2014 and 2015.
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2015/2/17/2014-vs-2015.html?printerFriendly=true
