The U.S. stock market got off to a bumpy start in 2023. A bearish backdrop means investors looking to a popular January indicators to clues to how the year will pan out should approach the data with caution, analysts said.
The Santa Claus rally, the First Five Days Early Warning System, and the January Barometer are three seasonal indicators recorded by Yale Hirsch in his Stock Trader’s Almanac in 1972, which constitute what is known as the January Indicator Trifecta.