Asian Stocks Eye Early Slump After Powell Pushback: Markets Wrap

As goes January, so goes the yr. That’s the speculation of a phenomenon often called the “January Barometer” — Wall Avenue folklore positing that if shares rise in January, they’ll be poised to complete the yr larger, and vice versa. Since 1938, the January Barometer has been proper about 74% of the time, with the subsequent 11 months larger 67% of the time, in accordance with the Inventory Dealer’s Almanac.