Dow Dumps To 2nd Worst January In 24 Years
Home » Financial » American Finance » Dow Dumps To 2nd Worst January In 24 Years

Dow Dumps To 2nd Worst January In 24 Years

Dow Dumps To 2nd Worst January In 24 Years

Submitted by Tyler Durden on 01/31/2014

Another volatile day ended with the Dow is down around 5% in January – the worst start to a year since 2009 (and 2nd worst since 1990) and the worst month since May 2012 (a 3-sigma miss of the average +1.5% per month gain since 2009’s lows). Japan, Brazil, and Russia suffered greatly on the month as gold miners, Egypt?, and US Biotech did well. There is a huge 380bps spread between the performance of the Industrials and the Transports YTD. Gold had its best month in the last 5; Treasuries rallied with 10Y yields dropping their most since May 2012; USD rallied the most in 8 months with JPY’s biggest rally (and Nikkei’s biggest loss) since April 2012.

Quite a January…

 

Trader’s Almanac –  every down January on the S&P 500 since 1938, without exception, has preceded a new or extended bear market, a 10% correction, or a flat year. As we also noted here, The JAJO Effect

via Dow Dumps To 2nd Worst January In 24 Years | Zero Hedge.

Be Sociable, Share!

You must be logged in to post a comment Login

http://ad4.liverail.com/?LR_PUBLISHER_ID=26258&LR_SCHEMA=vast2-vpaid&LR_VERTICAL=preroll&LR_URL=[page_url_macro]&LR_AUTOPLAY=0&LR_CONTENT=6&LR_MUTED=0&LR_VIDEO_ID=[player_videoid_macro]&LR_TITLE=[video_title_macro]