Investors look to January effect at start of 2016

Investors look to January effect at start of 2016

3 January 2016, 10:04
Francis Dogbe
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As Wall Street wraps up its flattest year since 2011, investors will have to deal with many of the same issues next year as they attempt to gauge market direction. While many market participants have a host of worries heading into 2016 that could hurt stocks and keep volatility high, they remain optimistic for gains in 2016 and a strong start to the year could boost that case. According to the Stock Trader's Almanac, the direction of January's trading predicts the course for the year 75 percent of the time. Stocks could get a boost next week from the so-called "January effect," when stocks that were sold off in December

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