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The first month of the year are in mature markets traditionally profitable. The definition talks of so-called "January effect".Behind the January effect is a simple historical fact that investors in the United States sell equities at the end of the year for tax purposes. In January they buy back into their portfolios, thus helping to stronger growth in the major stock indexes.Pragmatic view of the January effect, however, speaks of the traditional large influx of new money in mutual and hedge ...