The January Barometer: As January goes so goes the rest of the year for the stock market, and how the first week of January goes will determine how stocks perform the rest of the month of January. That is the popular adage, and does that mean that we are in for a stock market crash or at least a significant pullback in 2022?
Stocks are also approaching key support levels that should be tested this week and have been a favorite for the bulls to buy the dip at, including the 50-day moving average on $SPY. So this week will be absolutely key for stocks and the stock market as a whole.
Video Length: 00:10:31
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