“1st 5 Day Indicator” – a Good or Bad Omen for 2023?

#StockMarket #FirstFiveDays #Indicator #SPXHistory #5DayMyth #GoodOmen
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00:00 Introduction
01:08 The Story
01:36 The “First 5 days of January” Indicator
01:52 Good Omen? Let’s Look at the Data
02:04 Re Bitcoin and Equity Correlation
02:33 SPX Over Time vs First 5 Days
03:17 73 Years of Data Plotted
04:15 First 5 Day History over 74 Years
04:51 Stock Market Returns 73 Years
05:51 If 5 Day Return is Greater Than Zero
06:15 When First 5 Days Return is 1% or More ie 2023
06:57 If 5 Day Return is Less Than Zero
07:45 Dow Jones Comparison
08:56 Being on the Train for the Best Days
09:45 Top 20 Best and Worst SPX Days
10:19 Top 20 Best vs Top 20 Worst Days
10:58 Conclusion
12:08 Data Looks Bullish – BUT
12:34 Don’t Forget – Macro Matters