The sharp end of 2023 in the US stock market is coming to an end. As the S&P 500 approaches its first all-time high in nearly two years, investors are very optimistic about the outlook for 2024.

Wall Street has an old saying: if it rises in January, it rises throughout the year. Historical statistics show that market performance in January can often predict the trend of the whole year.

The good news is that on average, the US stock market's return in January is generally higher than in other months, and the rise and fall of that month is highly consistent with the trend for the whole year. According to data provided by the “Stock Trader's Yearbook”, since 1950, the “January effect” has failed to accurately predict market trends for the whole year only five times.

Looking ahead to January, there will still be many major events in the US stock market, including the minutes of the Federal Reserve's monetary policy meeting, and a series of major figures such as the non-farm payrolls, CPI, and PPI.

Also, major bank stocks will release their latest results one after another starting January 12, which means that the US stock earnings carnival will officially begin.

How will the performance be this quarter? Which company do coworkers look forward to the most? Let's wait and see!

Editor/Somer