Investors have historically looked toward January as a bullish month for stock markets.
But that bull is dead—and has been dead for the past 15 years, according to a team of Goldman Sachs analysts. "The effect has diminished over time, with little evidence of it in the past 15 years," the team led by Lilia Peytavin wrote in a Thursday note to clients, referring to U.K. and U.S. equity markets.
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