S&P 500 closing above 5,881.63 on 1/8 (Wed) key to "first 5 days" -- don't let recency bias fuel bearish views.

VIDEO: We are closely watching the S&P 500 close on Wed 1/8 as this invokes the "rule of first 5 days"

Please click below to view our Macro Minute (duration: 4:50)

The "rule of 1st 5 days" is invoked by Jan 8th (Wed) and S&P 500 closing above 5,881.63 will be something we are watching. We have long written about how we watch this metric as it often directionally signals how stocks will do for the full yea...

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