Analyst: First five days of year a good indicator for full-year S&P performance
Last week, I told you about the January Indicator -- the link between stock performance in the S&P 500 in January and the remainder of the year.
Today, Citi chief equity strategist Tobias Levkovich expanded on the January Indicator in a segment on CNBC.
Quoting history, Levkovich said that if the S&P 500 is up for the first five days of the year, there's a 75 percent chance it will be up for the remainder of the year. If it is down for the first five days of the year, there's only a 44 percent chance it will be up for the year. (The S&P 500 is up a little more than 2.5 percent so far in 2010.)
January 11, 2010; 4:10 PM ET
Categories: The Ticker , Wall Street | Tags: Citi, Tobias Levkovich, s&p 500
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