For Stock Markets, January Is a Cloudy Crystal Ball

As January goes, so goes the entire market year.

That’s probably the best-known aphorism from the Stock Trader’s Almanac, an annual compilation of dates, statistics and advice for investors first published in 1968 by Yale Hirsch. A prolific author of pithy investment advice, Mr. Hirsch also created the strategy often referred to as “Sell in May and go away,” and he identified a year-end seasonal “Santa Claus” rally.

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