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Will bring that lives MacDonald join this conversation William you know draining down the markets last year leading them lower -- real boat anchors of the markets for the financials and dusters and materials lives and what we're seeing -- the rallied today is they're actually leading the markets.
And this has to do with the January effect in the first three days of trading.
Will this be a precursor -- -- the market action for the remainder of the year take a look at what we found when it came to the January effect busy.
A since 1950 even that market has been down and generous simply followed by a bear market could go as low as 13%.
SMP -- at the post a gain in the first five trading days you're gonna see 86%.
Odds of that the market ends the year higher.
And since 1926.
Small caps have beaten -- large caps.
Three quarters of the time in the month that generous or so goes first five days of January we'll so goes the rest of the year as hedge funds and Wall Street funds.
Dump the cats and dogs of their portfolios for tax reasons and for window dressing to make the year performance look better.
In that air pocket -- trading after the ball drops -- New Year's Eve.
Do they come back into the markets to buy those small caps in the other cats and dogs and the markets looks like that's happening today -- back to you in -- what.
We were just talking with rob Morgan about that do the losers of last year come to be the winners this year we'll get much more on that just.
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