Does a Faulty Barometer Herald a Storm for Stocks?

by James Flanagan

Should you fire your financial advisor and hire a month in order to optimize your asset allocation? Probably so, if you believe proponents of a time-honored indicator of future stock market performance known as “The January Barometer.” The Barometer simply states that “As goes January, so goes the year,” and it’s racked up a seemingly remarkable forecasting record since well before Yale Hirsch of Stock Trader’s Almanac first popularized it as early as 1972. Since 1938, the direction of change of the benchmark S

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