With the first month of the year now in the books for the stock market, this past January was among the most stable Januarys we have seen in quite some time. The largest decline that the S&P 500 saw from a closing high during the month was just 0.85 percent, which is the smallest since last July.
The S&P 500’s average daily percent change in January was just plus or minus 0.33 percent. In the 1,069 months since 1928, January of 2017 ranks as the 66th smallest average daily move for a given month in the S&P 500’s history.
For the month of January specifically, there have only been five other Januarys where the S&P 500 saw an average daily percentage move that was smaller than this January. Looking ahead to this month, quiet Januarys haven’t had any notable impact on market returns in February: The S&P 500 has been up following three of those five Januarys, with a median gain of 0.99 percent.
No comments:
Post a Comment