Investors are like 'hyperactive first-graders' playing this schoolhouse game as they try to anticipate the market, strategist says

(Credit: Getty Images)

• The first month of a new year can signal market performance for the rest of the year, prompting investors to behave like "hyperactive first-graders playing musical chairs," Sam Stovall, CFRA Research chief investment strategist, told CNBC.

Wall Street is keenly focused on January's initial trading sessions as the first month of a new year can signal market performance for the rest of the year.