FYI: Key Points:
.Investors started this year in a buying mood, pushing up prices of last year’s laggards, which is the logic behind Wall Street’s “January effect.”
.This year’s effect was particularly overblown given the magnitude of the fourth-quarter’s sell-off, according to Nicholas Colas, co-founder of DataTrek Research.
.“Our advice for Q2: forget the last 90 days ever happened. The S&P 500′s 11 percent bounce YTD was basically a January Effect on steroids with a Fed policy change adding gasoline to that fire,” says
Regards,
Ted
https://www.cnbc.com/2019/03/26/the-2019-stock-market-comeback-resembles-a-january-effect-on-steroids.html
