Chart of the Day - Friday, January 27th, 2023

Today’s Chart of the Day was shared by Ryan Detrick (@RyanDetrick). With just two trading days left in January, the S&P 500 is up 6.02% to start the year. Ryan points out that when January is up more than 5% after a down year like 2022, it has historically been a good omen for the year. The full-year returns have always been positive, with an impressive average gain of 29.7%. To be fair, this has only happened five other times since 1950, so the sample size is small. But history tells us that a strong January has often been followed by further gains in the remainder of the year.