To Western investors, many sitting down in front of their terminals for the first time since the Christmas break, Monday’s sell-off was a reminder of the risks they will face during 2016. In fact, in 38 of the last 50 years the price action of US stocks in January has set the direction for the full year. So amid the anecdotes and clichés of popular market commentary, Monday’s plunge was reckoned to be especially significant. But how much did January 4 2016 really tell us about the rest of the year?
Click below to find out why the wall of worry will be even steeper in 2016 than it was in 2015.