There is neither scientific explanation nor logical reasoning for this apparent prophecy that surfaces in January. But statistics have shown that January stock performance is an herald of market trend for the rest of the year. It is observed that if the market return is positive in January, the average gain is 14.8% for the rest of the year. Conversely, if the market return is negative, the average returns dwindle to just 2.9% for the remaining months. So do keep a tab on your portfolio over the next few weeks.
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