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January Barometer 2021 is negative with the S&P 500 down 1.1%. This diminishes Jeff Hirsch's near-term outlook as every down January since 1950 was followed by a new or continuing bear market, a 10% correction or a flat year. But market behavior remains on track with historical seasonal patterns. The Santa Claus Rally and the First Five Days were both positive. So, Mr. Hirsch's January Indicator Trifecta is two for three. Join him for an update on his 2021 outlook in the wake of another down January.
Jeff Hirsch will review current technicals, fundamentals, monetary policy, and sentiment along with seasonal factors that shape the outlook in the near-term and for the balance of 2021 and beyond. He is still bullish for full-year 2021 and expects any seasonal weakness in the worst six months May-October to give way to the bull and for the market to finish the year in the range of his base and best-case Annual Forecast scenarios around S&P 4200-4300 or more. Plus, Mr. Hirsch will present a brief update on his Super Boom Forecast that he made in May 2010 with the DJIA at 10,000 for a 500+% market rise that would put DJIA at 38,820 by the year 2025.