With the S&P 500 coming off its performance in two decades last year, expectations are in place that returns are likely to be more subdued this year. If historical trends repeat, that subdued tenor could be seen this month as the S&P 500 averaged a January decline of 0.30% over the previous 20 years.
So although January is part of the best six-month period in which to own stocks, the month typically isn’t strong in its own right. The tepid nature of January equity market action is reflected at the sector as just five of the original nine sector SPDR exchange traded funds average gains in the first month of the year.
As for solid sector performers in January, the Health Care Select Sector (SPDR) stands out as the best performer of the original nine sector SPDR ETFs….CLICK for complete article