The pillar is shaking

The January effect

Looking deeper into the Jan effect JPM notes that:

1...the January Effect is most significant following years where the SPX had a double-digit gain or loss.

2. Over the last 50 years, the SPX has had a loss that exceeded 10% on eight occasions (2022, 2008, 2002, 2001, 2000, 1977, 1974, and 1973)