Now that the dust has settled on January I thought it was time for a little dodgy table and chart looking at the relative performance of a few markets.
As you can see the trouble maker continues to be China, which should not be a surprise to anyone. What is surprising is the relatively good performance of the FTSE – this index has been moribund for sometime. However, this only a decent performance comparative to other indices which are doing worse. It is in no way indicative of some surprising turnaround in the fortunes of the FTSE. January seems to hold a special place in the heart of those with a predictive bent. The logic is that as goes January so too does the rest of the year. Those who are fond of this idea point to the fact that it has been right 87% of the time whereas others dont seem all that keen on the idea.
My view is that I dont really care.
