January Trifecta Stock Indicator Points to Potential 17% S&P 500 Return in 2023
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The "January Trifecta" stock market indicator tracks 3 metrics in January to predict potential S&P 500 returns for the full year.
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When the January Trifecta occurs, the S&P 500 has historically posted a median annual return of 17.2%.
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The 3 metrics are the Santa Claus Rally, first 5 trading days in January, and overall January S&P performance.
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The January Trifecta last occurred in 2022 and 2021, with the S&P returning 24% and 29% respectively.
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If the January Trifecta occurs in 2023 and delivers a 17.2% return, the S&P 500 would reach nearly 5,600 by year end.