This chart by DB shows there is strong evidence that Januaries often set tone for year. Of 149 Januaries before 2021 there were 53 neg first mths. Of these, 31 (58%) went on to see neg full yr performance w/avg of -14.8%. Overall avg full year chg for these 53 neg Jan's was -2.4% h/t Holger Zschaepitz
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