According to @KobeissiLetter, since 1928 the S&P 500 has risen 62.2% of the time in January, the third-highest monthly win rate, while only 37 of the last 97 years posted negative January returns (source: @KobeissiLetter). As a result, January’s average return is +1.2%, the fourth-strongest among all months (source: @KobeissiLetter). When January ends higher, the index has delivered a median full-year gain of +11.8% with positive returns nearly 80% of the time (source: @KobeissiLetter). When January’s gain exceeds 5%, the S&P 500 has rallied about +16.0% for the year, highlighting a tradable January barometer for positioning and risk management (source: @KobeissiLetter). The source adds that the year is setting up for a strong start, a seasonal risk-on backdrop that traders can monitor as macro context, including for crypto market sentiment (source: @KobeissiLetter).