The S&P 500 kicked off 2022 with a 5.3% loss in the month of January, its worst start to a new year since 2009. Fortunately for investors, a late-month rally added 4.4% for the S&P 500 in the final two trading days of the month, but some investors are understandably concerned about what the overall weak January market performance means for the SPDR S&P 500 ETF Trust (NYSE:SPY) for the remainder of 2022.
The Numbers: On Tuesday, LPL Financial Chief Market Strategist Ryan Detrick said investors shouldn't read too much into the January Barometer, an old Wall Street adage that states "as goes January, so goes the year."
