The "January Barometer" suggests January market direction predicts full year performance

From Nasdaq: 2025-01-01 09:00:00

The “January Barometer” suggests that the direction of the market in January can predict the full year’s performance. Past data shows that gains in the S&P 500 in the first five days of January often lead to gains for the full year, according to Jeffrey Hirsch from “The Stock Trader’s Almanac.”

President Jimmy Carter passed away at 100 years old, prompting a National Day of Mourning declared by President Joe Biden. Wall Street equity markets will be closed on Jan. 9 to honor Carter’s legacy.

The Nasdaq 100 Index ETF (QQQ) is facing a confluence zone and extreme fear sentiment levels. Bitcoin’s recent dip could provide an opportunity for investors. In a down market, seek relative strength stocks like BigBear.ai (BBAI) and GameStop (GME) that have shown resilience.

Stocks ended 2024 on a negative note, but January can offer insights into how 2025 might unfold. A research chief has named a top stock pick with the potential to double, targeting millennial and Gen Z audiences. The chosen stock has generated nearly $1 billion in revenue and could see explosive growth.



Read more at Nasdaq: Expectations for Stock Market 2025: Read the ‘January Barometer’