Monday Macro – January in the rearview mirror

The numbers for January are in and they make for unpleasant reading. Key insight – beware the usual safe havens. And why Equal weight did alright.

So, as the headline says, the Jan 2022 numbers are in and they don’t look pretty. By my reckoning, the peak to trough in this sell-off has been around 10% which compares to about 13 to 15% for most sell-offs that don’t involve a recession. So, it’s not a BIG sell-off but it was painful enough. According to analysts at S&P Dow Jones, the “S&P 500® made i…