If the S&P 500 closes lower again today it will mark four straight down finishes for the index. This news may take a backseat to the fact that today is the last day of January and should mark a great start to the New Year. In fact, we may not even get four straight negative closes as today could be a possible “Turnaround Tuesday.” According to market statisticians, Tuesday has one of the highest percentages for a possible market turnaround if the last three prior closes in the S&P 500 have all finished lower. We will have to wait and see if this does in fact play itself out today.
Past performance is no guarantee of future results. The S&P 500 is an unmanaged index. Investors cannot invest directly in an index.
Eric Marvin, CFP®, CRPC®
JPT013112-194
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