It was a solid start to the year, with the S&P 500 and TSX gaining 1.4% and 0.8%, respectively, in January. If these expectations don’t materialize – such as inflation reaccelerating and forcing the Fed to hike rate – markets could move lower. For example, in each of the last three years, the S&P 500 posted gains in January and went on to finish the year higher. In 2018, the S&P 500 rose 5.6% in January but ultimately ended the year down 6.2%. S&P 500 performance around the January BarometerSource: Bloomberg, Turner InvestmentsRyan Lewenza, CFA, CMT is a Partner and Portfolio Manager with Turner Investments, and a Senior Investment Advisor, Private Client Group, of Raymond James Ltd..

Source: CBC News February 07, 2026 23:39 UTC