Do You Believe in January Effect or Not?

Tiger_comments
01-05
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After sweet November and December, US stock market started off poorly in the first trading week of 2024, causing unease among investors.

$S&P 500(.SPX)$ and major tech stocks have been falling for 5 consecutive trading days.

We may see the pullback continues as today's employment report came in stronger than expected.

Some hope for a turnaround in the market, as they believe that the performance in the first month of the year sets the tone for the rest of the year's market conditions.

Fidelity analyst, however, states that after bad January, the stock market has a long term propensity to rise.

Do you believe in January Effect?

Will market turn around in January?

How's your portfolio going in the first trading week?

Leave your comments and also post to win tiger coins!

Do You Believe in January Effect?
In 2024, the US stock market started off poorly, causing unease among investors. Some hope for a turnaround in the market, as they believe that the performance in the first month of the year sets the tone for the rest of the year's market conditions. ---------------------------------- Do you believe in January Effect? Will market turn around in January? How's your portfolio going in the first trading week?
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Comments

  • icycrystal
    01-06
    icycrystal
    pullback seems to continue as employment report came in stronger than expected. major tech stocks have been falling for 5 consecutive trading days.

    however, analyst states that after bad January, the stock market has a long term propensity to rise.

    perhaps January effect may continue, then again, perhaps not... [Thinking] [Thinking] [Thinking]

  • icycrystal
    01-06
    icycrystal
    pullback seems to continue as employment report came in stronger than expected. major tech stocks have been falling for 5 consecutive trading days.

    however, analyst states that after bad January, the stock market has a long term propensity to rise.

    perhaps January effect may continue, then again, perhaps not... [Thinking] [Thinking] [Thinking]

  • MHh
    01-06
    MHh
    Looking at the graph, the january effect dont look too consistent. 2024 seems the same as the previous 2 years, market moves based on fed decisions. Im waiting for further dips then add again
    @DiAngel @SR050321 @Kaixiang @AliceSam @rL @Fenger1188 @SPOT_ON @HelenJanet @Success88 come join
  • xXxZealandxXx
    01-06
    xXxZealandxXx
    sup @Tiger_comments

    Market in for more downtrend if people keep taking (payout) with no return motivation, almost feels like most of us are waiting for feb (Bull) as Jan (Bear) trend is going to flux to compenate?  (My view) Santa Rally would have lead a heavy hit in AI and Tech to have it perfrom as it is... glad i missed it.

    Cheers @icycrystal

  • RickPANDA
    01-06
    RickPANDA
    PCT: January Effects Or Not V1.0 .
    PCT = Pandas Coffee Talk.
    What goes up in Christmas Rally. Tendency people profits-taking in January Effects. But this time in Jan2024. It becomes a opportunities. Why? CNN Fear Index shows extreme greeds. The market stock breath have turned from 7Stocks of Magnificant7 into 3000Stocks. Fed in 2024 even she dont lower rates but she confirm will hold rates. All this points to a Jan2024 tiny firesales due to Japan Earthquake to a min small bullruns in 2024.
  • DiAngel
    01-07
    DiAngel
    As a long term investor, i dont believe in January effect. My main concern is how much dividends i m generating from my SG counters end of the year. When i felt the time is right, i will DCA my current counters.


    In dec, i just DCA one of my Reits counter. The last time i was active in my SG counters were in Aug 2020. Then in nov 2021, i was trying my luck in US counters with Tigers. On Friday, i just DCA $Bank of America(BAC)$ as i have some cash with Tigers. My holding in Tiger is a tiny fraction of my Poems account.


    This year i m back to being active in SG counters as i have set a goal for myself. [Grin]. Hope my dream will come true. [Bless]🙏🙏🙏. I m building up my passive income.
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