In 1972 economist Yale Hirsch devised the January Barometer with his predictive tool stating that “as the S&P500 goes in January so goes the year”. The barometer has been correct 84% of the time since, and with the S&P500 up 3.2% as we go into the month’s final session things are looking positive for the rest of 2025!!!

In 1972 economist Yale Hirsch devised the January Barometer with his predictive tool stating that “as the S&P500 goes in January so goes the year”. The barometer has been correct 84% of the time since, and with the S&P500 up 3.2% as we go into the month’s final session things are looking positive for the rest of 2025!!!

With the multitude of headline grabbing events over recent weeks we have quietly arrived at the year’s first FED policy announcement today, and still almost nobody is talking about it. I suppose that there is a near 100% certainty that they won’t cut rates is why the meeting has slipped so far under the radar.

A frantic day in the equity market yesterday as little known Chinese AI firm DeepSeek forced a re-think on the status quo with their claims of a much cheaper alternative to ChatGPT and the other leading AI names.

We about to close out January, already one month down in the new year, but what a week it is stacking up to be. We’ve got multiple central bank announcements (including the SARB), important inflation and GDP data from the States, a slew of Big Tech earnings and no doubt there’ll be headlines from Trump!!