Stock Market Back to Back January Drops in SP500 Always Meant Danger

January will most likely be negative for US stock indices (S&P500), and will be the 2nd consecutive year of negative January performance.
While many are familiar with the old adage “As January goes, so goes the rest of the year”, we had pointed to the fact that negative January performances in the S&P500 have always led to high profile volatility and/or double digit declines in a single month that year.