From Nasdaq:

The S&P 500 surged 1.6% in January 2024, pointing to a strong start for the markets. Historical data shows that 53% of the time, a good January leads to strong annual returns of an average of 16.8%. However, negative returns in 2018, 2001, and 1994 are reminders that a good start doesn’t guarantee a smooth year. Market performance following January depends heavily on rate cuts, consumer spending, and potential recessions. Instead of relying on trends, investors are advised to opt for quality stocks or consider the Vanguard S&P 500 ETF, which has a low expense ratio of 0.03%.



Read more: The S&P 500 Was Up 1.6% in January. Here’s What Has Historically Happened in the Markets After a Good First Month.