The stock market could post monster gains in 2024 if a ‘January Trifecta’ is realized. Here’s what needs to happen.
The strong gains seen in 2023 could spill over into 2024 if the “January Trifecta” materializes, according to data from Grant Hawkridge of All Star Charts.
The trifecta refers to three stock market indicators that all have to flash positive during the month of January. When they do flash, strong stock market gains tend to follow, according to historical S&P 500 data going back to 1950.