Posts: 956
Threads: 10
Joined: Feb 2018
Reputation:
10
Last week's market performance by sector
1 Energy +8.3%
2 Financial +4.1%
3 Basic Materials +0.1%
4 Consumer Defensive +0.03%
5 Industrials -0.5%
6 Utilities -2.2%
7 Consumer Cyclical -2.3%
8 Real Estate -3.9%
9 Comm Services -4%
10 Healthcare -5.2%
11 Technology -5.7%
Posts: 433
Threads: 37
Joined: Dec 2013
Reputation:
10
Does anyone remember the research done on the first week of January as a predictor for the year - not by sector but by the broad market indices?
Posts: 1,682
Threads: 55
Joined: Oct 2020
Reputation:
5
Well I can't speak to the whole year, but last year, what we saw was that the market would turn "angry" especially against tech, for 2 weeks at a time. Then it would recover for about 4, then down again for 2, rinse & repeat until the October boost. Therefore, I expect the coming week to be rough as well, and then the second half of January to be decent. I expect for my portfolio January will overall be a down month.
That said, I believe sometime in February we will get news that Omicron is blowing itself out, and the markets will boom for a bit. The news we really need to hear is that the supply chain crisis is easing up. Once that goes away, inflation should level out, and then we'll be all good.
Posts: 6,404
Threads: 47
Joined: Aug 2018
Reputation:
64
Until buying dips is no longer rewarded this is likely. Still no alternative that might beat inflation.
I think I saw an article on CNBC website but the first week, and the month of January in general seem to set the tone, statistically anyway.
