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This little-known indicator is bullish for 2023

Por: MarketWatch Business January 27, 2023

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Entitled “,” the study was conducted by Zhongdong Chen of the University of Northern Iowa and Phillip Daves of the University of Tennessee Knoxville. To test their theory for why the January Sentiment Effect works, the professors focused on the University of Michigan’s Index of Consumer Sentiment (ICS) back to 1978, when monthly values for the index first became available. In those years since then in which the ICS was higher in January... + full article



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