It’s Monday, just the third trading day of the New Year. It’s tempting to start checking out the market statistics for 2020 – after all, that’s the data that we use to make our investment decisions. So, what does the data tell us, in this first full week of January?
The main thing, and probably the most important, is that volatility was up in the year’s first trading sessions. Investors came back from the New Year holiday and jumped right into trading, pushing markets up on Thursday. And then, they started selling on Friday, pushing the markets right back down. The news from the Middle East, with heightened tensions between the US and Iran, has been casting a shadow on the markets all weekend – we’ll see how it affects trading later today.