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Sunday, January 21, 2024

2024 Turn Of the Year (TOY) Barometer Very Positive │ Wayne Whaley

The Turn Of the Year (TOY) Barometer is based on the S&P's November 19 to January 19 performance. This is the most predictive period of the year, the single most reliable seasonality barometer of forward stock market returns and the kingpin of seasonal barometers. A return during this 2-month period greater than 3%  is a bullish signal, and the market is very likely to do well over the following 12 months. A return of 0-3% is a neutral signal, and results of the current year are expected to be somewhat random. A negative return is a bearish signal for the year, and returns tend to be very poor. 
 

The 2024 TOY is +7.22%. Since 1950 if TOY was > 3%, the next year (January 19 - January 19) had an average gain of +16.5% with two single digit losses (32-2), and February - April was 32-5 for an average 3 month gain of 4.23%.