by Greg Guenthner, Daily Reckoning.com:
January is almost in the bag. And unless you’ve been trapped inside your igloo for the past month, you know the market isn’t exactly blasting higher.
I told you a few weeks ago to look to January to set the tone for this year’s trading. So far, the tone has been decidedly bearish. Barring a monster rally today, the S&P 500 will finish the month down a cool 4%.
The last time the market started off the year in the red was 2010. That year, January losses came in at -3.7%…
Please follow SGT Report on Twitter & help share the message.